Question
A French company reporting using IFRS purchased its only building on January 1, 2009, for 20,000,000. The building has a 20-year useful life with no
A French company reporting using IFRS purchased its only building on January 1, 2009, for 20,000,000. The building has a 20-year useful life with no net salvage value. The building is being depreciated on a straight-line basis. Assume the company intends to revalue the building to its December 31, 2012, fair value of 17,000,000. Prepare the entry to record the revaluation.
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GAO Yellow Book Government Auditing Standar
Authors: Comptroller General United States Government
2011edition
1479245577, 978-1479245574
