Question
Dessina, Inc. purchased land in January 2010 for 25 000 EUR. The lands fair value at the end of 2010 is 36 000 EUR, at
Dessina, Inc. purchased land in January 2010 for 25 000 EUR. The lands fair value at the end of 2010
is 36 000 EUR, at the end of 2011 30 000 EUR, at the end of 2012 32 000 EUR and at the end of 2013
18 000 EUR. Assume that Dessina Inc.uses revaluation accounting to account for land.
Make journal entries to record land using revaluation for the years 2010-2013.
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Managerial Accounting Tools for business decision making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
