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Choose the options and filling the specific number About the building of the company were the following entries already recorded: Historical cost of the business

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About the building of the company were the following entries already recorded: Historical cost of the business center 38000. Accumulated depreciation on 1st of January 3800. The management decided to revaluate the business center. The fair value was 45600 on the 1st of January, the residual value 9120 the useful lifetime 30 years. The realized revaluation gain is transferred annually. Required: Record the current year's transactions related to the above asset. ENTRY 1 Netting: Dr Mar ENTRY 2 Revaluation: Dr ENTRY 3 Depreciation: Dr ENTRY 4 Transfer: Dr Acc. Payable Acc. Receivable Bank Building Cash Cost of depreciation Depr. Of building Retained earnings

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