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Transfer from PPE to Investment property

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Transfer from PPE to Investment property

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by MikeLittle.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • November 24, 2015 at 6:08 am #284824
    Kip Fatt
    Member
    • Topics: 29
    • Replies: 62
    • ☆☆

    If the ppe is transferred to investment property, the revaluation gain will be charge to oci right?

    How about if there is impairment loss when the transfer is made?

    November 24, 2015 at 8:46 am #284855
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    Transfer any impairment loss at the date of reclassification to expenses through Profit or Loss

    November 26, 2015 at 4:16 am #285329
    Kip Fatt
    Member
    • Topics: 29
    • Replies: 62
    • ☆☆

    Thank you

    November 26, 2015 at 9:54 am #285404
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22705
    • ☆☆☆☆☆

    You’re welcome

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