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Time left 0:05: On 31 December 2018, a company acquires land for 500,000. The land is revalued at 540,000 on 31 December 2019 and 490,000
Time left 0:05: On 31 December 2018, a company acquires land for 500,000. The land is revalued at 540,000 on 31 December 2019 and 490,000 on 31 December 2020. The company prepares financial statements on 31 December each year and uses the revaluation model in relation to land. How much expense should be recognized in 2020 in relation to the revalued land? Answer: 30000 AL
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
25th Edition
9781260247985
