02-22-2006, 07:57 PM
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by hanifasif</i>
<br />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 reliably.
So it means 6 month dep on cost and 6 month on revalued amount.
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<br />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 reliably.
So it means 6 month dep on cost and 6 month on revalued amount.
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