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Ex6 Building and 2 models On 1 January 20X1, ABC company acquired a building with the total cost of CU 300000 . As of 31

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Ex6 Building and 2 models On 1 January 20X1, ABC company acquired a building with the total cost of CU 300000 . As of 31 December 201, the following information is available: - Building's useful life is 30 years. - Building's fair value at 31 December 20X1 is CU 310000 . What accounting entries shall ABC make with respect to this building in 20X1 under: - Fair value model - Revaluation model

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