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me as fast as you can , i will be failure! On 1-4-2020 Al Hurriya Company reclassified equipment as a current asset held for sale.
me as fast as you can , i will be failure! On 1-4-2020 Al Hurriya Company reclassified equipment as a current asset held for sale. And at this date,the book value of the equipment 200000 and the net fair value of 180,000, the value in use 185,000, at 31 - 2020, the assessment of the net book value, given the above, what is the carrying Value of the equipment that will appear in the budget 31-12-2020? 2 . On 12-31-2020 the company had equipment which on that date was designated a current asset held for sale. Its cost equipment is 150,000, its accumulated depreciation is 120,000, and the compound's impairment is 5,000. On this date (dec.31.2020) the fair value of 31,000 has been revalued. Required: write the journal entries (entry) record of revaluation. 3 On 31.12.2020 a company had an equipment that on that date was classified as a current asset held for sale. carrying amount of equipment 45,000 , Fair value 35,000, the estimated value of sale after one year from this date, the estimated value of sale was 5,000, the book value of estimated selling costs 3,200. On 12-31-2021, the estimated fair value at 30,000 and the cost of selling was 4000. Required: 1. write entry ( entries) on its restrictions on 12-31-2021? 2. How much of the loss (revaluation gain) will appear in the 2021 progressive income statement
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