Revaluation PPE IAS 16

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June 3, 2019 at 3:44 pm #518585
xiara13
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Just a question about depreciation of revalued PPE. I’m sure I remember reading somewhere that you adjust depreciation as though the asset has always been held at the revalued amount, but I can’t remember where I read it and can’t find it in my text book. Is this right?
June 3, 2019 at 7:52 pm #518634
aleksandrasavcenko
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As soon as your asset has been revalued you should depreciate new FV over remaining useful life. If revaluation resulted in surplus you amortize revaluation reserve into retained earnings over remaining useful life of asset.
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