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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..?
The revaluation balance will decrease as we are passing some of it over to the retained earning balance.
But in book it’s written that it do not effect OCI…
It doesn’t impact OCI as the transfer is done in the SOCE.