Question
Holmes purchases land for 250,000 on 1 January 2015. Holmes Ltd use the revaluation method for subsequent measurement of non-current assets. On 1 January 2018,
Holmes purchases land for 250,000 on 1 January 2015. Holmes Ltd use the revaluation method for subsequent measurement of non-current assets. On 1 January 2018, following a review of land valuations by professional advisers, this land was deemed to have a value of 120,000. What is the correct entry in the accounts of Holmes Ltd to reflect this movement? DB Land
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The Employee Motivation Audit
Authors: Jane Weightman
1st Edition
0955970709, 978-0955970702
