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  1. 1. PS SIKHOSANA LESSON BASED ON PROPERTY PLANT AND EQUIPMENT THIS IS A MISHUPS OF DIFFERENT POWERPOINTS.
  2. 2. INTRODUCTION TO PROPERTY PLANT AND EQUIPMENT GRADE 11
  3. 3. REVALUATION METHOD Revaluation model: Increase in Liability Dr. Profit or Loss OR Dr. Revaluation surplus (to the extent a credit balance exist in the revaluation surplus in respect of that asset) Cr. Liability Decrease in Liability Dr. Liability Cr. Revaluation surplus OR Cr. Profit or Loss (to the extent previous decrease in value of asset is recognised in Profit or Loss) If the decrease in the liability exceeds the carrying amount (as per cost mod
  4. 4. Revaluation: the Accounting Method 1 Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of asset. Result: • The asset is stated at revalued amount; and • Accumulated depreciation reset to zero. This method is often used for buildings that are revalued to their market value.
  5. 5. REFERENCE LIST  http://www.slideshare.net/MHMPC/webinar-slides-international-accounting- for-property-plant-and-equipment?qid=2a1145b7-5d3d-42fc-b836- 6a689b6bdc06&v=qf1&b=&from_search=2  http://www.slideshare.net/mudasserjavedhassan/depreciation-accounting- 31602261  Wiley. J ,Basic principles of accounting. 1976.Wiley &son publishers.  http://www.slideshare.net/saraibrahim16121/ch01-15444800  http://www.slideshare.net/Chapter8254ICWAI/property-plant-and- equipment-ias-16  http://www.slideshare.net/swagato/depreciation-2-presentation

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