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Chapter 7

Non-current assets: disposal and

revaluation

Outcome

By the end of this session you should be able to:

 prepare ledger entries to record the disposal of non-current assets, including
part-exchange transactions

 calculate profit or losses on disposal

 record the revaluation of a non-current asset

 calculate the profit or loss on the disposal of a revalued asset

 illustrate how non-current assets are disclosed in the financial statements

and answer questions relating to these areas.

The underpinning detail for this Chapter in your Notes can be found in
Chapter 8 of your Study Text

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