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A company bought a property in Chelsea four years ago on 1 January for $170,000. Since then property prices have risen substantially and the

A company bought a property in Chelsea four years ago on 1 January for $170,000. Since then property prices have risen substantially and the property has been revalued at $210,000. The property was estimated as having a useful life of 20 years when it was purchased. What is the amount transferred to the revaluation reserve?

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