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Revalued Amount, and revaluation Surplus are two different values. depreciation is charged on the Revaluation amount and not on the revaluation surplus.
non current asset = $15000
revalued Amount = $20000
Revaluation surplus =$5000will charge depreciation on the $20,000, right? and not on the Surplus $5000. please answer my question. Thank you sir.
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