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At the end financial year a company X revalued an item of equipment. The item had an initial cost of $50 000 and accumulated depreciation
At the end financial year a company X revalued an item of equipment. The item had an initial cost of $50 000 and accumulated depreciation amounted to $14 000. The fair value of the item was $50 000. The tax rate is 20% What is the journal entries for company X
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