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| IFRS Accounting Terms |
(Q2)
When
does the revaluation surplus of PPE, accumulated in equity section, decrease? |
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Revaluation surplus is transferred to retained earnings, --> when the asset is derecognised. |
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Revaluation surplus is decreased, --> if the carrying amount of PPE is larger than fair value at revaluation date. |
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If the carrying amount > fair value, --> carrying amount is decreased to fair value. If the asset has revaluation surplus in equity section, --> a decrease in carrying amount reduces revaluation surplus. If the revaluation surplus of the asset has zero balance, --> a decrease in carrying amount is recognised in profit or loss. |
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Back to IFRS Property, Plant and Equipment Accounting page. |
| IAS 40 - IAS 41 |
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IAS 40:
Investment property |
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IAS
40 Technical Notes |
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IAS 41:
Agriculture |
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