02-22-2006, 07:49 PM
yeah under IAS 16, asset is carried at a revalued amount, being its fair value at the date of revaluation less subsequent depreciation, provided that fair value can be measured reliable.
So it means 6 month dep on cost and 6 month on revalued amount.
So it means 6 month dep on cost and 6 month on revalued amount.