Surplus on revaluation

This topic has 2 replies, 2 voices, and was last updated 7 years ago by aarina.

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July 25, 2018 at 7:34 am #464563

aarina
Member

Hi normally the treatment of surplus on revaluation of PPE is deducted in COS is it? Why is that so?
This is on the topic of single entity.

July 26, 2018 at 11:40 pm #464820

P2-D2
Keymaster

Hi,

Any gain on revaluation of PPE is recognised through other comprehensive income. Where have you seen it deducted in cost of sales? It doesn’t quite sound right to me, but if you let me know where you’ve seen it I may be able to shed more light upon it.

Thanks

July 28, 2018 at 10:45 am #465001

aarina
Member

I forgot the question. But i shall come back to this tomorrow!
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