中公财经

acca F3知识点：Revaluation of fixed assets关于固定资产的重新评估。

During a period of inflation, the current monetary value of fixed assets such as land and buildings may be much in excess of their net book value. A business may wish to reflect the current worth of such assets on its balance sheets.

The difference (usually a surplus) between the revalued amount and the amount net book value needs to be credited to an account separate from the profit and loss account as the gain is not realized (i.e. there is no intention of turning the asset into cash by selling it). This account is known as a revaluation reserve.

The journal entry for an upward revaluation is:

Dr Land and building XX

Cr Revaluation reserve XX

这里还有三点注意的地方，大家需要记住：

(a)When a non-current asset has been revalued, the charged for depreciation should be based on the revalued amount and the remaining useful life of the asset.

(b)This charge will be higher than depreciation prior to the revaluation.

(c)The excess of the new depreciation charge over the old depreciation charge should be transfer from the revaluation reserve to accumulated profits. (within the capital section of the balance sheet)

关于revaluation of fixed assets今天就给大家说到这。