1. Entity R measures its non-current assets using the revaluation model. On 30 June 20x2, Entity R purchased a property for R100 000. The property was revalued on 30 June 20x6 to R250 000. The latest valuation report, dated 30 June 20x8, values the building at R95 000. Entity R has adjusted the building shown in non-current assets at 30 June 20x8. Calculate the debit entry in Entity Rs financial statements for the year ended 30 June 20x8.

2. Entity V is creating its annual statement of financial position as of 31 March 20x6. Entity V has already calculated its total equity for the period to be R650 000. It has also calculated the carrying value of Plant and Equipment (PE) after depreciation to be R130 000. Additional information from Entity Vs trial balance is given below. Inventory: R100 000 Cash and cash equivalents: R38 000 Trade receivables: R310 000 Notes to the trial balance: 1) The fair value of the land on 31 March 20x6 is R270 000. 2) Investments are carried at market value. The market value of Entity Vs long-term investments as of 31 March 20x6 is R250 000. 3) On 30 June 20x5, Entity V sold equipment for R250 000. The buyer has not yet paid for this equipment and V has made no other entries in respect of this sale. Calculate the value of Vs non-current assets and liabilities.