Luqman Rafiq | Revaluation Model under IAS 16 PPE

[@LuqmanRafiq]

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[@NODOUBLEMEANINGS]

sir kindly solve questions along with summary lessons of Far1

[@abdulshakoor5921]

Sir, You didn't mention how to calculate depreciation after revaluation done. and also what if the accumulated depreciaiton is less than revaluation difference

[@imranabbas854]

Hi. Please explain this and the the journal enteries

[@nhungd98]

Sir, thank you for this excellent explanation!!!!

[@LuqmanRafiq]

Glad it was helpful!

[@usmanzahid3711]

If after revaluation, asset depreciate has decreased
How to treat that reduced depreciation in context of revaluation surplus and retained earnings

[@StudyWithTalha]

Sir if gain on revaluation is higher than accumulated depreciation than what would be journal entry under net replacement method

[@LuqmanRafiq]

Balance amount will be added to the cost account of the asset

[@sylviamotaung4140]

Very helpful. Thanks so much.

[@manasvijain7784]

Sir you explain very good you can become ca accounts teacher

[@LuqmanRafiq]

Thank you for your response. Yes I do teach Pakistani CA qualification

[@noraiz5105]

Assuming we use straight line method, so now we will do subsequent depreciation on the asset value of 641,667? And charge the expense to income statement?

[@LuqmanRafiq]

yes

[@magicbrush3303]

Thank you for explaining sir.. 🙂

[@LuqmanRafiq]

Keep watching

[@jennifer-marcellina4894]

Saved my life ❤

[@someviunity1060]

Good Morning Sir. please which Accounting material are you using?

[@LuqmanRafiq]

IFRS Book

[@AbduLLah-me8of]

Sir plz make vedio to make journal entries without ledger according to IAS 16

[@afaquesaleem6178]

Amazing sir❤❤❤

[@JaySE_25]

Good job!

[@muhammadrizwanyaseen2897]

Excellent explanation. Kindly explain benefits of gross replacement method

[@LuqmanRafiq]

Will upload soon

[@cfchardin1291]

Net replacement value method is another name of revaluation model sir??

[@LuqmanRafiq]

No revaluation can be recorded using either of the net replacement method or gross replacement method.. commonly used method is net replacement method

[@cfchardin1291]

@@LuqmanRafiq tysm sir... 🙌

[@safizansari2022]

Excellent...that is really useful revision lecture...request you to please solve 2-3 questions from ifrs past paper and please make videos for better understanding and application of the standards....
Awaiting reply..thanks so much sir

[@LuqmanRafiq]

Thank you very much for the response.. Please let me know the course you are looking for so can share appropriate resources with you

[@rolrobbi]

Thanks.

[@Stunnzu]

Thanks very helpful!

[@waqasahmad6111]

I learn gross replacement method from you

[@LuqmanRafiq]

Glad to hear

[@abdulwaseh3219]

Is it for CA standard

[@LuqmanRafiq]

Yes for all Reporting Papers

[@excelmaterial2425]

Excellent

[@LuqmanRafiq]

Thanks

[@hammadsabir546]

💯 perfect