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Chapter 6

Non-current assets: Disposal,

revaluation and impairment

Outcome

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

 account for revaluation of a non-current asset

 account for impairment of a non-current asset

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

 calculate the profit or loss on the disposal of a non-current asset

 prepare a non-current asset register

and answer questions relating to these areas.

The underpinning detail for this chapter in your Integrated Workbook can
be found in Chapter 6 of your Study Text

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