Question
Find the gain/loss on sale of property from these two figures Freehold property at cost/valuation (revalued 1 January 2020): $1,380,000 Asset revaluation reserve on property:$480,000
Find the gain/loss on sale of property from these two figures
Freehold property at cost/valuation (revalued 1 January 2020): $1,380,000
Asset revaluation reserve on property:$480,000
Additional information:
A sale of property has been included in relevant accounts.
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1 As given in question property is revalued on 01 Jan 2020 that means amount shown in rev...
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Econometric Analysis
Authors: William H. Greene
5th Edition
130661899, 978-0130661890
