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sir i am confused about the chrging of depreication in the property !!
if we have property clasified under IAS16 we will chrge depriciation to I/s if there is some kind of revaluation we will increase the value of asset and revalation surplus as well
plz tell me weather m right or wrong ??
and 1 more question if we trnsfer clasification of our asset from IAS 16 to IAs 40 then we will bot chrge any depreication ???
we will only chrgee increase in property to I/S ?? n no where else ??
n kindly tell about the revaluation n its treatment
i will be gratefull if u answer quikly
as we have our examination tomarrow lol 🙂IAS 16, charge depreciation
IAS 40, no depreciation. Any change in IAS 40 property value to PorL
Revaluation of IAS 16 property goes through revaluation reserve
Is that enough?
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