Ex6 Building and 2 models On 1 January 20X1, ABC company acquired a building with the total cost of CU 300 000. As of
Ex6 Building and 2 models On 1 January 20X1, ABC company acquired a building with the total cost of CU 300 000. As of 31 December 20X1, the following information is available: What accounting entries shall ABC make with respect to this building in 20X1 under: Fair value model Revaluation model Building's useful life is 30 years. Building's fair value at 31 December 20X1 is CU 310 000.
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Journal entries on 31 Dec 20X1 1 Fair Value model Investment property buildin...
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Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I
Volume 1, 6th Edition
1259103250, 978-1259103254, 978-0071339476
