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Transfer of Excess Depreciation

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › Transfer of Excess Depreciation

  • This topic has 3 replies, 2 voices, and was last updated 4 years ago by AvatarP2-D2.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 17, 2021 at 8:47 am #620802
    Avatarrona123
    Member
    • Topics: 9
    • Replies: 5
    • ☆

    Hello Sir!
    I have a question that when we make our transfer of excess depreciation from Revaluation Surplus to Retained Earning does the balance of our Revaluation surplus in OCI remain same or changes..?

    May 17, 2021 at 8:02 pm #620882
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    Hi,

    The revaluation balance will decrease as we are passing some of it over to the retained earning balance.

    Thanks

    May 18, 2021 at 12:23 am #620896
    Avatarrona123
    Member
    • Topics: 9
    • Replies: 5
    • ☆

    But in book it’s written that it do not effect OCI…

    May 19, 2021 at 9:58 pm #621122
    AvatarP2-D2
    Keymaster
    • Topics: 4
    • Replies: 7232
    • ☆☆☆☆☆

    It doesn’t impact OCI as the transfer is done in the SOCE.

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