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Ask the Tutor ACCA FR

Transfer from IAS 16 to IAS 40

Former userFormer user9y ago

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MikeLittleMikeLittleTutor9y ago#1
1) Yes 2) Statement of Profit or Loss 3) No, depreciation will go through profit or loss and gains won't be recognised
MikeLittleMikeLittleTutor9y ago#2
Yes, so depreciate for half a year, then revalue and take surplus to revaluation reserve and then treat as investment property after that
MikeLittleMikeLittleTutor9y ago#3
You're welcome
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