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BE9.10 (LO 2) At the end of its first year of operations, Brianna Industries chose to use the revalua- tion framework allowed under IFRS.
BE9.10 (LO 2) At the end of its first year of operations, Brianna Industries chose to use the revalua- tion framework allowed under IFRS. Brianna's ledger shows Equipment 480,000 and Accumulated Depreciation Equipment 60,000. Prepare journal entries to record the following. a. Independent appraisers determine that the plant assets have a fair value of 468,000. b. Independent appraisers determine that the plant assets have a fair value of 400,000.
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
