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Assume Henan Corporation acquired a plot of land with a cost of 250000. After one year the land is appraised as having a current fair

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Assume Henan Corporation acquired a plot of land with a cost of 250000. After one year the land is appraised as having a current fair value of 230,000, The journal entry for revaluation of land is Land 230000 O Revaluation Surplus Gian-Land 230000 Impairment losses - land 20000 O Land 20000 Impairment losses-Land 230000 O Land 230000 Impaiment losses - Land 230000 O Accumulated Impairment losses-Land 230000

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