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On December 31, 2015, T Enterprises purchased land at a cost of $550,000 and decided to apply the revaluation model. The fair value of the
| On December 31, 2015, T Enterprises purchased land at a cost of $550,000 and decided to apply the revaluation model. | ||||||||||||||
| The fair value of the land on of the land on December 31, 2017 and 2020 is $825,000 and $700,000 respectively. The land is sold for $615,000 on June 15, 2021. | ||||||||||||||
| Required | ||||||||||||||
| Prepare all journal entries for the year ended December 31, 2017 to December 31, 2021. | ||||||||||||||
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
6th Edition
0314280456, 978-0314280459
