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Hould Be Credit

A reversal of a previous devaluation of a class of assets should be credited to the statement of comprehensive income as part of profit or loss. The reversal is credited to profit or loss when the reasons for the original devaluation no longer apply to that particular class of assets.

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jaymark canaya
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60 views1 page

Hould Be Credit

A reversal of a previous devaluation of a class of assets should be credited to the statement of comprehensive income as part of profit or loss. The reversal is credited to profit or loss when the reasons for the original devaluation no longer apply to that particular class of assets.

Uploaded by

jaymark canaya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
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hould be credited to the statement of comprehensive income as part of profit or loss when it reverses a

previous devaluation to a particular class of assets. (

https://www.coursehero.com › file

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