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Journal Entry Headers: Section A: Record the entry for the surplus on revaluation of equipment due to conversion from U.S. GAAP to IFRS. Record the
Journal Entry Headers:
Section A:
- Record the entry for the surplus on revaluation of equipment due to conversion from U.S. GAAP to IFRS.
- Record the entry for depreciation expense as per U.S. GAAP.
- Record the entry for depreciation expense as per IFRS.
- Record the entry for the revaluation of equipment as per IFRS.
- Record the entry for depreciation expense as per IFRS.
Section B:
- Record the entry for recording profit on revaluation of equipment due to conversion from U.S. GAAP to IFRS.
- Record the entry for additional depreciation expense on revaluation of equipment due to conversion from U.S. GAAP to IFRS.
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