24 August 2012
As per My knowledge the revaluvation reserve created by companies should be write off with in immediately following 5 years but what will be teh treatment when the value would not be write off in 5 years?
I am talking about the value of Assets increased because of revaluvation of Assets not about revalvation reserve?
24 August 2012
As per AS 10, there is no concept of writing off revaluation reserve only this which says 5 years is you should show the value historical cost on the face of balance sheet for a period of 5 years
CAclubindia
