Q2.The Pathology Lab purchased Long term assets on 1" July2017. The lab closes its account on 30% June. It is lab policy to revalue its long term asset every year. It is also lab policy to transfer maximum revaluation increase up to 10,00,000 to revaluation reserve against any single Asset Any revaluation surplus above this amount will be charged to profit and loss account. However the lab does not place any restriction on charging revaluation decrease to revaluation reserve 700 As CPKRUT Caagalae AY SOLO Centrifuge Bles On 1 July 2018 as a result of an independent valuation the assets were valued as below Aset Fair vah PKR Coagulaster 19.125.000 Anar 9.41011 Centrifugees 100.000 On 1" July 2019 as a result of an independent valuation the assets were valued as below A Cogalalar Aca 9.04 Centrifugees Fair PKR n1"July 2020 as a result of an independent valuation the assets were valued as below Ant Fair valer PKR Coagulator 10.997 NOT Aber 1964 Ctrifuge 16161 Required Record the Revaluation, depreciation and profit and loss entries in consolidated methods and treating all three assets in a single entry Draw Up the following account in consolidated methods and treating all three assets in a single Ledger i Assets Revaluation Surplus Profit and Loss Depreciation Q2.The Pathology Lab purchased Long term assets on 1" July2017. The lab eloses its account on 30 June. It is lab policy to revalue its long term asset every year. It is also lab policy to transfer maximum revaluation increase up to 10,00,000 to revaluation reserve against any Single Asset Any revaluation surplus above this amount will be charged to profit and loss account. However the lab does not place any restriction on charging revaluation decrease to revaluation reserve And CPU Team Cong 7.30 Aman SOLO Centrifuge Box. 10 On 1"July 2018 as a result of an independent valuation the assets were valued as below Aset Fair VR Coagalater 19.125.000 Anal 9.00 Centrifugees 200.000 On 1 July 2019 as a result of an independent valuation the assets were valued as below At Coaster Asalar Centrifuge Fair PKR 1234 n 1 July 2020 as a result of an independent valuation the assets were valued as below Annet Vair ve PKR Coagulator 10.597 NOT Analyzer 16454 Contrifuge 16,61 Required Record the Revaluation, depreciation and profit and loss entries in consolidated methods and treating all three assets in a single entry Draw Up the following account in consolidated methods and treating all three assets in a single Ledger ti Assets Revaluation Surplus Profit and Loss Depreciation Q2.The Pathology Lab purchased Long term assets on 1" July2017. The lab closes its account on 30% June. It is lab policy to revalue its long term asset every year. It is also lab policy to transfer maximum revaluation increase up to 10,00,000 to revaluation reserve against any single Asset Any revaluation surplus above this amount will be charged to profit and loss account. However the lab does not place any restriction on charging revaluation decrease to revaluation reserve 700 As CPKRUT Caagalae AY SOLO Centrifuge Bles On 1 July 2018 as a result of an independent valuation the assets were valued as below Aset Fair vah PKR Coagulaster 19.125.000 Anar 9.41011 Centrifugees 100.000 On 1" July 2019 as a result of an independent valuation the assets were valued as below A Cogalalar Aca 9.04 Centrifugees Fair PKR n1"July 2020 as a result of an independent valuation the assets were valued as below Ant Fair valer PKR Coagulator 10.997 NOT Aber 1964 Ctrifuge 16161 Required Record the Revaluation, depreciation and profit and loss entries in consolidated methods and treating all three assets in a single entry Draw Up the following account in consolidated methods and treating all three assets in a single Ledger i Assets Revaluation Surplus Profit and Loss Depreciation Q2.The Pathology Lab purchased Long term assets on 1" July2017. The lab eloses its account on 30 June. It is lab policy to revalue its long term asset every year. It is also lab policy to transfer maximum revaluation increase up to 10,00,000 to revaluation reserve against any Single Asset Any revaluation surplus above this amount will be charged to profit and loss account. However the lab does not place any restriction on charging revaluation decrease to revaluation reserve And CPU Team Cong 7.30 Aman SOLO Centrifuge Box. 10 On 1"July 2018 as a result of an independent valuation the assets were valued as below Aset Fair VR Coagalater 19.125.000 Anal 9.00 Centrifugees 200.000 On 1 July 2019 as a result of an independent valuation the assets were valued as below At Coaster Asalar Centrifuge Fair PKR 1234 n 1 July 2020 as a result of an independent valuation the assets were valued as below Annet Vair ve PKR Coagulator 10.597 NOT Analyzer 16454 Contrifuge 16,61 Required Record the Revaluation, depreciation and profit and loss entries in consolidated methods and treating all three assets in a single entry Draw Up the following account in consolidated methods and treating all three assets in a single Ledger ti Assets Revaluation Surplus Profit and Loss Depreciation