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Re: Perfectson post# 519

Monday, 07/26/2021 8:57:08 PM

Monday, July 26, 2021 8:57:08 PM

Post# of 645
Rest assured, I know what accumulated deficit and retained earnings are. I was following the accounting explanation in my post #475...

Increases in value in excess of prior impairment loss is debited directly to the asset and credited to a revaluation reserve account in the equity section of the balance sheet.



...in regard to Intangible Asset Impairmant for infinite intangible assets which references the Equity section of the Balance Sheet. I should have checked the math.


Les