QUESTION FOUR: An enterprise revalues its buildings and decides to incorporate the revaluation into the books of account. The following information is relevant: a) Extract from the balance sheet as 31st December 2012: $ Buildings: Cost 1,800,000 Depreciation 540,000 1,260,000 b) Depreciation has been provided at 2% per annum on a straight line. c) The building is revalued at 30th June 2013 at $ 1,380,000. There is no change in its remaining estimated future life. Required: Show the relevant extracts from the financial statements at 31st December 2013