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A company purchased PPE four years ago for$ 1 0 0 0 0 0 . PPE was depreciated on thestraight - line basis over ten

A company purchased PPE four years ago for$100000. PPE was depreciated on thestraight-line basis over ten years. Thecompany decided to revalue PPE at the end ofthe fourth year. The net replacement cost atthat date was $75000. Show the journal entries.

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The journal entries for revaluing the PPE would be as follows 1 To record t... blur-text-image

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