[經(jīng)濟(jì)學(xué)]bnam21020tangibleassets-資料下載頁
2024-10-16 22:06本頁面
【正文】 000 = carrying value of 163。7000 Step 5 Sell Asset and Remove from records ? Cash 163。5000 and carrying value 163。7000 ? So loss of 163。2021 goes to ine statement ? But there is also 163。6000 in the revaluation surplus which is now transferred to a realised reserve ? Implication is that a gain has been realised on sale and this can be distributed Some Additional Ideas Assets held for Sale Revaluation Decreases Revaluation Decreases ? A decrease is normally an expense – in the IS ? However special case if the decrease reverses a previous revaluation increase ? Case of freehold land – no depreciation ? Year 1 buy land 163。100,000, revalue year 3 to 163。150,000 and in year 5 to 163。90000 ? NB at end of 5 years the asset is worth 163。10,000 less than the original cost (HC) 2 Steps Years 3 and 5 ? Year 3 – no gain in ine statement ? Dr FA a/c 163。50,000 – now at 163。150000 ? Cr Rev Res 163。50000 –shareholders fund ? Year 5 a reverse in value ? Reduce (cr) FA by 163。60000 – to 163。90,000 ? May reduce (dr) Rev Res by 163。50000 only ? The remaining 163。10,000 is an expense (dr) in ine statement because value is below cost IFRS 5 ? IAS 16 does not apply to PPE assets classified as held for sale. That is assets that the pany is about to sell (not scrap) ? If asset is available for sale in its present condition and sale is highly probable then ? Assets measured at the lower of CV and fair value less costs to sell ? No Depreciation ? Separate presentation on B/S or in the notes Student Action ? Read the MS chapter and do the exercises per the course outline. There are additional questions on Blackboard. ? Look at a real pany’s notes to the accounts and read carefully the information shown about PPE
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