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IAS 16 permits two accounting models for measurement of the asset in periods subsequent to its recognition, namely the cost model and the revaluation model. [ 7 ] Under the cost model , the carrying amount of the asset is measured at cost less accumulated depreciation and eventual impairment (similar to the inventory's Lower of cost or market ...
In translation and semantics, dynamic equivalence and formal equivalence are seen as the main approaches to translation that prioritize either the meaning or literal structure of the source text respectively. The distinction was originally articulated by Eugene Nida in the context of Bible translation.
Revaluation is a change in a price of a good or product, or especially of a currency, in which case it is specifically an official rise of the value of the currency in relation to a foreign currency in a fixed exchange rate system. In contrast, a devaluation is an official reduction in the value of the currency.
Other comprehensive income is the difference between net income as in the income statement (profit or loss Account) and comprehensive income, and represents the certain gains and losses of the enterprise not recognized in the P&L Account.
The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority (e.g., a central bank ) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the ...
In translation studies, the accepted meaning is now as a new translation into the same target language of a previously translated work. [6] The traditional conceptualization holds that the process is linear [7] or chronological, with retranslation always taking place after the first translation. [8]
Those interested can apply between January and June each year by calling 980-314-4226. Elderly and disabled tax relief requirements include: The applicant’s name must be on the deed or title to ...
However, the law requires disclosure of the basis of revaluation, amount of revaluation made to each class of assets (for a specified period after the financial year in which revaluation is made), and other information. Similarly, the law prohibits payment of dividend out of any reserve created as a result of the upward revaluation of fixed assets.