02-22-2006, 06:18 PM
yar friends
plz guide me thorugh this
accounitng period ends on 31st dec
on 1 jan asset costs 100,000 and depreciation charged on straight line basis 10%
on 1 july asset cost after revaluation is 150,000
how could the depriciation be charged????
Either on revalued cost for the whole year???? OR 6 month depriciation on original cost and 6 month on revalued amount????????
plz answer in the light of IAS 16
plz guide me thorugh this
accounitng period ends on 31st dec
on 1 jan asset costs 100,000 and depreciation charged on straight line basis 10%
on 1 july asset cost after revaluation is 150,000
how could the depriciation be charged????
Either on revalued cost for the whole year???? OR 6 month depriciation on original cost and 6 month on revalued amount????????
plz answer in the light of IAS 16
