Additional Depreciation will be t/f to P&L if Revaluation is for Presentation Not for Funding.
Treatment of additional depre. arising due to revaluation
pankaj bagora (student) (47 Points)
11 November 2014pankaj bagora (student) (47 Points)
11 November 2014Additional Depreciation will be t/f to P&L if Revaluation is for Presentation Not for Funding.
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 11 November 2014
first if the revaluation is not increasing the life of the asset, we cant capitalise the same.. this should pe routed through profit and loss a/c only...
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