You are such a star Mr. Gyebi. You explanation and way of lecturing resonates with most of us. Thank you very much, and everything of the best for FOG. We can't wait for Part 3 Sir, the sooner the better 🙏🙏
Years down the line, your videos and teachings are still very relevant and succint. God bless you muchos for making professional exams not so scary with your teachings. Dolapo from Nigeria
You are such a great teacher! My accounting teacher in the Secondary was a Ghanaian, Mr. Boafo of blessed memory, he too was an amazing teacher, He instilled in us the principles of accounting so well. By extension, i can say Ghanaian s accounting teachers are all great. writing from Cameroon
Thank you. When calculating cost of PPE. How do you treat this information, certain direct expenditure on the project was incured, however, the exact amount could not be established. It was certainly not below ghc11500 but could be as much as ghc19500. Please how do you treat this information. Thank you.
Hello sir,I want to confirm if the positive of fair value and carrying amount will give revaluation and the negative will give impairment loss? Thanks much.
Thank you. Much grateful. Please if direct cost to the PPE is not given certain amount what do you do. Like a direct cost was incured, however the exact amount could not be established. It was certainly not below ghc11500 but could be as much as ghc19500? Please sir I need your help how do I treat this. Thank you.
Revaluation Model A Corporation bought a heavy duty machinery on January 1, 2011 on cash. The machinery has a cost of Br 1,000,000.00, useful life of 10 years and nil residual value. In addition, the machinery is revalued at an amount of Br 1,200,000.00 on December 31, 2012, has a recoverable amount (fair value less cost to sell) of Br 300,000.00 on December 31, 2014 and finally the machinery is revalued (fair value) at an amount of Br 800,000.00 on December 31, 2016. Assume that the company uses straight line method for estimating periodic depreciation. Required A.Record Depreciation on December 31, 2011 and December 31, 2012 B. Record the revaluation of the asset on December 31,2012 C. Record Depreciation on December 31, 2013 and December 31, 2014 D. Record transactions related to impairment of the asset on December 31, 2014 E. Record depreciation on December 31,2015 and December 31,2016 F. Record transactions related to the revaluation December 31, 2016 G. Record depreciation for the remaining life of the asset
You are such a star Mr. Gyebi. You explanation and way of lecturing resonates with most of us. Thank you very much, and everything of the best for FOG. We can't wait for Part 3 Sir, the sooner the better 🙏🙏
Years down the line, your videos and teachings are still very relevant and succint. God bless you muchos for making professional exams not so scary with your teachings. Dolapo from Nigeria
You are such a great teacher! My accounting teacher in the Secondary was a Ghanaian, Mr. Boafo of blessed memory, he too was an amazing teacher, He instilled in us the principles of accounting so well. By extension, i can say Ghanaian s accounting teachers are all great. writing from Cameroon
Thank you, sir
This enhances my understanding of IAS 16
Please, treat IAS 40
You have this gift of teaching, everything made clear for me. Thanks a lot! Good luck!!!
the best class i had ever had.
kudos from Nigeria
thank you
you are professional teacher, i like the way you explain the components and the criteria
watching all ads to the end because you deserve it.
Thank you
Honestly!!!!!!
You are a very very good teacher. You explain very well. Continue with the good work.
You're a fantastic teacher, your videos are literally getting me through my accounting degree, thank you so much.
I have to say your are the best and this videos are still useful after so many years, I have learned so much from videos I have watched.
you are very good brother, you really know what you are teaching, well done and thank you
The explanation is so fantastic. God bless you man.
Great tutorials sir. These are same questions our lecturer worked in our last class. Very helpful sir. God bless you abundantly
Amen. God bless you too
good
@@FOGAccountancyTutorials Mr. FOG please what IAS accounting book do you use. Please can you recommend it to me 🙏
this was so easy to understand, thank you 🙏🏾.
please do a video on part 3
Very very clear
Part 3 needed seriously 🥶🥶🥶🥶🥶🥶🥶🥶🥶🥶🥶🥶
YOU EXPLAIN CONCEPTS SO WELL
Best teaching ever existed
Thank you for clearly explaining the revaluation model and the review of useful life. 👍🏿
I bless God for finding you, you are really good at what you do. Well done!!!!
Thank you for your explanation. You deserve to be called the accounting Jesus of our time. 🙏✊
But Depreciating Land
I'm a happy student. Thank you!!!! 👌👌
You made my year very easy💝💝 Love from South Africa 🌟🌟
your student should not fail Accounting. you are too much. you tutorials are made simple and clear
Great tutoring
My favorite tutor
Sir please thank you for enriching our understanding we need a part 3 seriously😊😊
Thanks for the good works.
Thank you so much sir👍..my God bless you...
From Kenya
amen
wow how i wish you could be our lecture in my school.Such a star
bro is a gem.
Fog you are the Goat😍👏
so at what point at the work place would you use the revaluation method
God bless you richly sir. How I wish I could like ur video 100000000000000 times
thank you keep the good work man
You’re too good 🎉❤️
YOU ARE THE BEST
Hello,
Help us to know when the revaluation is done
Thank you. When calculating cost of PPE. How do you treat this information, certain direct expenditure on the project was incured, however, the exact amount could not be established. It was certainly not below ghc11500 but could be as much as ghc19500. Please how do you treat this information.
Thank you.
God bless you Mr Gyebi
Thank you 🙏
Thankyou my favourite lecturer🤗🤗🥳🥳
Nice work 👍 FOG
You are a genius
Thank you very much for this
Always a blessing! Always refreshing!!
i appreciate your work man
I really like your tutorial
But can we have the video on Disclosure and IAS 8
Thank you for such great content!
Does land depreciate or this was simply for illustrating purposes?
I just love the accent 😊 thanks sir
Your work is top notch sir
Thank u sir. Please keep making more
Great help sir, we love your channel.
I love you guys too 😍
Thank you sir, very helpful. God bless you😊
Is income surplus the same as other comprehensive income ?
perfect explanations . Thank you Sir
Please is there a video for lease adjustments of PPE?
so much helpful...please is there the part three ... i really neeed it
Please is there part 3?
Thank you so kuch sir, your vidros have been really helpful. Please upload the 3rd part of the video sir
@fog accountancy PLEASE I need the part 3 seriously
🥶🥶🥶🥶🥶🥶🥶🥶🥶🥶
Is there part three of this
THANK YOU VERY MUCH
Good afternoon from Kenya, How do we classify Local Area Network in PPE?
Just to confirm, if we are using the revaluation method does it mean depreciation on the asset would no longer the considered?
Depreciation is still considered using the revaluation amount and the remaining number of years after revaluation
Kindly take the hard ones to solve not the easiest so we will be able to understand it well.. Thank you
Where can I find the part 3 please
Thank you
Your lecture videos are highly helpful. God bless you. But variance has not been completed Sir.
Wow you’re a teacher! I yanks a lot for this video
You're welcome. Please share
Great class, thanks alot
Welcome
Hello sir,I want to confirm if the positive of fair value and carrying amount will give revaluation and the negative will give impairment loss? Thanks much.
Is there a difference between net realizable value and fair-value?
Hi Sir,
As for the income statement, is a DEBIT a decrease or an increase?
Incomes have a credit balance so a credit means an increase and a debit is a decrease
FOG please if the revaluation takes place in the middle of the year how would it be calculated
Please sir, when are you doing the third video on PPE
please dont you have a video of IFRS 5
Thanks a lot sir ✌️❤️
But we're are u getting 5000 and 2000 that u have been crediting
Thanks much sir but may you please add part 3 just as you PROMICE in part 2🙏🙏
You deserve it 🙏
Sir please can we solve more examples on the IAS 16
Am now Good to go with PPE
Thankyou. 🤗🤗
Welcome 🙏🏽
Good morning Sir
Could you please do specialize transaction
please sir PPE part 3 never came
Your explanation are so thorough.. wish i knew about your channel earlier... but just a clarification, Can one depreciate land?
Land is not depreciated
Thank you sir
Thank you. Much grateful.
Please if direct cost to the PPE is not given certain amount what do you do. Like a direct cost was incured, however the exact amount could not be established. It was certainly not below ghc11500 but could be as much as ghc19500?
Please sir I need your help how do I treat this.
Thank you.
is there a part 3 of this course or topic ??
Yet to be uploaded
Has it been uploaded?I haven't found it yet
@@FOGAccountancyTutorials thanks so much for the class
Is the part 3 available here
But sir land no depreciation
Can please do specialize transaction
Sir please we are waiting for the video on IFRS 5
Well done, the great tutor. how can can someone get your mail as to ask some difficult questions. Thank you.
Revaluation Model
A Corporation bought a heavy duty machinery on January 1, 2011 on cash. The machinery has a cost of Br 1,000,000.00, useful life of 10 years and nil residual value. In addition, the machinery is revalued at an amount of Br 1,200,000.00 on December 31, 2012, has a recoverable amount (fair value less cost to sell) of Br 300,000.00 on December 31, 2014 and finally the machinery is revalued (fair value) at an amount of Br 800,000.00 on December 31, 2016. Assume that the company uses straight line method for estimating periodic depreciation.
Required
A.Record Depreciation on December 31, 2011 and December 31, 2012
B. Record the revaluation of the asset on December 31,2012
C. Record Depreciation on December 31, 2013 and December 31, 2014
D. Record transactions related to impairment of the asset on December 31, 2014
E. Record depreciation on December 31,2015 and December 31,2016
F. Record transactions related to the revaluation December 31, 2016
G. Record depreciation for the remaining life of the asset
But on the review of useful life ......Land no way land does not depreciate......
We need part 3
💪
Goat
Please the old WhatsApp number isn’t working anymore
This is the new WhatsApp number👇🏻
+233596316536
Thanks
You are doing well. Can you please do a video on branch accounting
. the treatment in the head office books and the branch.
Clear explanation. GOd bless you Sir . Sir please, you mistakenly depreciate land.
Thanks
Thank you sir,
Where can I find the part 3 please
Goat
Thank you Sir