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Problem 2 Intermediate Accounting 1B (2019 Edition by Zeus Vernon B. Milan): Property, Plant and Equipment The age of a building is 25 years, the

Problem 2

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Intermediate Accounting 1B (2019 Edition by Zeus Vernon B. Milan): Property, Plant and Equipment The age of a building is 25 years, the effective age is 20 years, and the remaining economic life is 50 years. The replacement cost of the building is P200,000, its carrying amount is P80,000. How much is the revaluation surplus

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