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c) A Company Purchase a building on 1st January 2013 for $ 150,000. The useful life of assets was 10 years. On 1st January 2015,

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c) A Company Purchase a building on 1st January 2013 for $ 150,000. The useful life of assets was 10 years. On 1st January 2015, the company revalued the building to its currents fair value of $80,000. What would be the double entry to record this transaction? 4 marks

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