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Score 3 Instructor created question Property purchased for 15 min weed on July 2017 to $1 ton Accued derection at the time of revolution was

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Score 3 Instructor created question Property purchased for 15 min weed on July 2017 to $1 ton Accued derection at the time of revolution was $100 000. The property and the other, there was paced shelter all the of 25 years with no residual. On Juy 2021 the property was a revoluto 13 Requirement Show the puma entries to record(a) the rein, depreciation for each of the years anded 30 uro 2013 o 2001 and (c) the relation 20 June 2001 Use the students how work buton Show your working formal and (cJuify your working using the propriador show the pure condition, depreciation for each of the years ended 30 June 2008 2007 and resto 2021. Recorder, there is Show the ultry to record the intal evaluation Journal Entry 2017 Account Dube Ch how he malo record the precision for each of the pannede 2018 2021 Recorder for the year andet ne 2018 Journal Entry Acous Det Crede 120 000 Choose from any listener any number in the routes and click Check Answer Check Answer CONI Property purchased for $1.5 million was revalued on 1 July 2017 to $3 million. Accumulated depreciation a expected to have a further useful life of 25 years with no residual value. On 1 July 2021 the property was a Requirement Show the journal entries to record: (a) the initial revaluation, (b) depreciation for each of the years ended 30 (d) Use the student to show work button. Show your workings for item (a) (b) and (c) Justify your workings Record depreciation for the year ended 30 June 2021. Journal Entry 2021 Accounts Credit Jun 30 Depreciation expense Accumulated depreciation-property Debit 120 OOCA 120 000 (c) Show the journal entry to record the revaluation at 30 June 2021. Journal Entry Debit Credit Jul 2021 Accounts 1 Accumulated depreciation-property Revaluation surplus Property 1400000 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showina

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