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accourdence with IAS - Printable Version

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accourdence with IAS - shahidsameer - 10-22-2009

corvette the leading car manufecturing company acquired a machine for Rs 125,000 on Jan 2004,estimate life was 8years,depreciarion charged on strieght line method ,0n JAN 2009.the machine was revalued at Rs 70,000,Aport from recording revalution other entry have been passed.
1.calculate the value of depreciation expence and pass jurnal entry in accourding with IAS 16.
ii.calculate the value of revalution surplus and pass the jurnal entry accourding with IAS 16

shahid sameer

- danishayub_76 - 10-28-2009


is it home work for us ???