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Mentari Berhad bought a building on 1.1.2016 at a cost of RM300,000. The building has no residual value and its useful life is 20 years.

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Mentari Berhad bought a building on 1.1.2016 at a cost of RM300,000. The building has no residual value and its useful life is 20 years. On 31.12.2020, the building has a fair value of RM270,000. The company used revaluation model (accumulated depreciation is eliminated). Which of the following is correct as at 31.12.2020? a. Accumulated depreciation is to be credited at RM75,000 O b. Debit Revaluation Reserve account RM45,000 c. Credit Revaluation Reserve account RM45,000 Od Credit PPE-Building RM45,000 Clear my choice

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