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Depreciation on Fixed Asset

This query is : Resolved 
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(Querist)
03 October 2008 I have actually facing problem that if asset have been revalued middle of the year then should I charge depreciation on revalued amount based on from the date of revaluation to the end of accounting period, or i will compute and charged depreciation on revalued amount for whole year?
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
04 October 2008 Depreciation will be on the revalued amount The excess depreciation on revaluation component will be charged to revaluation reserve created by revaluation.
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Ravikumar.G

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Ravikumar.G (Expert)
19 November 2008 from the date of revaluation.
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