AuthorTopic: IFRS Revaluation and Impairment Reversals
@2014-06-12 07:27:53

These two statements seem contradictory:

1. Any increase in excess of the reversal amount will not be recognised in the income statement but will be recorded directly to equity in revaluation surplus account.

2. IFRS does not permit revaluation to the recoverable amount if the recoverable amount exceeds the previous carrying amount.

Can someone explain what I am missing here?

Much appreciated.

CFA Discussion Topic: IFRS Revaluation and Impairment Reversals

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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!