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QUESTION 5 According to-AASB 116, the revaluation surplus included in equity in respect of an item of property, plant and equipment may be transferred
QUESTION 5 According to-AASB 116, the revaluation surplus included in equity in respect of an item of property, plant and equipment may be transferred directly to retained earnings when the asset is derecognised. This may involve transferring when the asset is retired or disposed of. O no surplus part of the surplus the whole of the surplus loss
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Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
