Ppe

Question 1

Ppe revaluation model

Answer 1

Revalue assets and amount above hc will be included in oci, unless it reverse an impairment.
Gain will be taken to revaluation reserve.

Question 2

Ppe revaluation reserve realization

Answer 2

Realized through sale or use. May be transferred to retained earnings, probably not correct as not distributable, can also be transferred to arr or retain it in the rr.

Question 3

Ppe cost model

Answer 3

Impair and reverse impairment only up to historic cost less historic depreciation.
Defered tax
Depreciable asset with tax allowances, temporary differences will be taxed at 28%.