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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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