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    Question

    Which of the following is recorded under other

    comprehensive income (OCI) typically?
    A Depreciation expense Correct Answer Incorrect Answer
    B Revaluation surplus of property, plant & equipment (when revaluation model used) Correct Answer Incorrect Answer
    C Interest expense on borrowings Correct Answer Incorrect Answer
    D Inventory write-down included in operating profit Correct Answer Incorrect Answer

    Solution

    Increases in the carrying amount of PPE on revaluation are generally recognized in OCI and accumulated in a revaluation surplus within equity.

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