Sabana S.A acquired specialized equipment on June 28, 2020. Its cost of 17000000, its residual value is 1,800,000.00 Its useful life is estimated to be 12 years. The company will depreciate applying the straight-line method from the month following the purchase The company carries out annual accounting closings every December 31, uses a business month for its calculations and applies IFRS in a comprehensive manner. On January 1, 2023, the company hires an expert who in his report indicates that the fair value of the equipment is now 30,000,000.00. Sabana S.A revalues its equipment using the Re method expressed and its policy is to transfer a portion of the revaluation surplus to the retained earnings account, as the asset is used. Based on the previous statement, the credit to the surplus item is for:
Sabana S.A acquired specialized equipment on June 28, 2020. Its cost of 17000000, its residual value is 1,800,000.00
Its useful life is estimated to be 12 years. The company will
The company carries out annual accounting closings every December 31, uses a business month for its calculations and applies IFRS in a comprehensive manner.
On January 1, 2023, the company hires an expert who in his report indicates that the fair value of the equipment is now 30,000,000.00. Sabana S.A revalues its equipment using the Re method expressed and its policy is to transfer a portion of the revaluation surplus to the
Based on the previous statement, the credit to the surplus item is for:
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