Question
On 1 January 2021, Parton Ltd revalued land from $210 000 to $410 000. On 1 January 2022, the company subsequently revalued the land to
On 1 January 2021, Parton Ltd revalued land from $210 000 to $410 000. On 1 January 2022, the company subsequently revalued the land to $330 000. And on 1 January 2023, the company again revalued the asset downwards to $170 000. Required Prepare the journal entries required to record the revaluation adjustment for the year ended: 30 June 2021. (1 mark) 30 June 2022. (1 mark)
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Financial Reporting
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
4th Edition
073039641X, 9780730396413
