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    SCOTTIEtohottie's Avatar
    SCOTTIEtohottie Posts: 1, Reputation: 1
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    #1

    Feb 15, 2008, 03:04 PM
    disposal of investment properties
    I have an investment property (cost £20k), that has been revalued in the books at £35k. I have just sold it for £30k. What are the accounting entries on the disposal, if the revaluation reserve holds £15k for this property
    MaggieMouse's Avatar
    MaggieMouse Posts: 226, Reputation: 8
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    #2

    Feb 20, 2008, 02:03 PM
    I would just do a reverse entry on whatever accounts affected when you set up the reserve.
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