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Company Nine has land that was purchased for $1,100,000 in a prior year. Fair value was $900,000 at the beginning of the year and $810,000
Company
Nine
has land that was purchased for
$1,100,000
in a prior year. Fair value was
$900,000
at the beginning of the year and
$810,000
at the end of the year.
Required
Prepare the journal entry to record the revaluation adjustment.
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