Question: Current Attempt in Progress When using the revaluation model of accounting for PP &E assets ( asset - adjustment / elimination method ) ,

Current Attempt in Progress
When using the revaluation model of accounting for PP\&E assets (asset-adjustment/elimination method),
a new depreciation rate must be calculated.
depreciation continues to be charged in the original pattern.
the related Accumulated Depreciation account is closed to OCl .
the difference between fair value and carrying amount is always debited to Revaluation Surplus (OCI).
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