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Tiroo Ltd has the following land and buildings in its financial statements as at 30 June 2023: On 30 June 2023 , the balance of
Tiroo Ltd has the following land and buildings in its financial statements as at 30 June 2023: On 30 June 2023 , the balance of the revaluation surplus is $100,000 credit, which is related to the buildings. Independent valuations of the land and buildings are obtained on this exact date. In relation to the above assets, the assessed fair values on 30 June 2023 are: Required: Provide the journal entries to account for the revaluation of Tiroo Ltd's non-current assets for the year ended 30 June 2023, in accordance with AASB 116. Round double entries to a full dollar. Narrations are not needed and you are not required to use all the available rows
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