Date of WDV of asset for calculating revaluation profit
This query is : Resolved
24 May 2011
suppose revaluation of assets is done on 18/03/2011, then which date WDV will be taken for calculating revaluation profit?
25 May 2011
The WDV on 18/03/2011 should be taken for calculating revaluation profit.
10 June 2011
revaluation reserve not profit will be as on 18/03/2011
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