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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › revaluation surplus
After revaluation of a non-current asset, a question asking to find the balance in the revaluation a/c. Should I always deduct the excess depreciation from the balance even when it doesn’t say that the excess depreciation is transferred to retained earnings. Help please Sir.
No. The company may transfer the excess depreciation, but they do not have to.
