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Transfer of Excess Depreciation

This topic has 3 replies, 2 voices, and was last updated 1 year ago by P2-D2.

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May 17, 2021 at 8:47 am #620802
rona123
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
P2-D2
Keymaster
- Topics: 4
- Replies: 6473
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
rona123
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
P2-D2
Keymaster
- Topics: 4
- Replies: 6473
It doesn’t impact OCI as the transfer is done in the SOCE.
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