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Please do asap. Need help!!! 2. An extract from the SFOP of Ace Itd showed the following as at 30 June 2019: Rs'000 PPE at

Please do asap. Need help!!!

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2. An extract from the SFOP of Ace Itd showed the following as at 30 June 2019: Rs'000 PPE at cost 3,600 Accumulated Depreciation (540) 3,060 Notes: (1) The company uses straight line method of depreciation (ii) The rate of depreciation is 2.5% per annum (iii) On 1st April 2020, PPE is revalued to Rs3.325millions Show how the revaluation will be accounted in the Financial statements of Ace Itd as at the year ended 30th June 2020. (10 marks)

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