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Question 2 (1 point) On 1 January 2022, Lima Ltd revalued land from $200 000 to $400 000. On 1 January 2023, the company subsequently

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Question 2 (1 point) On 1 January 2022, Lima Ltd revalued land from $200 000 to $400 000. On 1 January 2023, the company subsequently revalued the land to $320 000. And on 1 January 2024, the company again revalued the asset downwards to $160 000. Required Prepare the journal entries required to record the revaluation adjustment for the year ended: 1. 30 June 2022. 2. 30 June 2023. 3. 30 June 2024. Format BI U - Date Accounts Dr Cr

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