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On 1 July 2018 ABC Ltd. acquired a land for 100,000 which is measured using the revaluation model. At 30 June 2019, Land was
On 1 July 2018 ABC Ltd. acquired a land for 100,000 which is measured using the revaluation model. At 30 June 2019, Land was assessed to have a fair value of $150 000. At 30 June 2020, Land was assessed to have a fair value of $ 90 000. Required Prepare the journal entries during the period 30 June 2019 to 30 June 2020 in relation to the Land. (Please ignore the tax effect.)
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Here are the journal entries for the period 30 June 2...
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Auditing An International Approach
Authors: Wally J. Smieliauskas, Kathryn Bewley
6th edition
978-0070968295, 9781259087462, 978-0071051415
