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Practice test :
In 20X6 31 december,revaluation surplus is 440000$ but excess depreciation is 25000$,
Test ask :
After 2 years,what is on the balance of revaluation surplus
I should solve so:
Revaluation surplus-excess depreciation of 2 years
??There must be more in the question than you have copied – what you have typed is not enough to be able to answer.
It is true that the question(revision kit -page 42-question 8.19)ask what is the balance on revaluation surplus after 1 year
and the solution way :
=Revaluation-excess depreciation of one year
And the answer was correct
But now,my question is that
If the question asked balance on revaluation surplus after 2 years,
What would be the balance on revaluation surplus.
=revaluation surplus-excess depreciation of 2 years?
??
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