Use the following information to answer questions 14 and 15 An extract of a company's draft statement of financial position at 30 June 2015 discloses the following: On 30 June 2016 the company assessed the fair value of the plant to be 350000. At 30 June 2017, the carrying amount of the plant was 250000. The tax rate is 30%. Depreciation rates are 10% p.a. (accounting) and 12.5% p.a. (tax) using the straight-line method. 14. The journal entries necessary to record the revaluation of plant (ignoring any tax effect) at 30 June 2016 in accordance with IAS 16 Property, Plant and Equipment is: Learning Objective 11.6 Explain the revaluation model of measurement The journal entries to adjust for the tax effect of the revaluation at 30 June 2016 is: Learning Objective 11.6 Explain the revaluation model of measurement Use the following informadion to answer questions 14 and 15 An extract of a company's drah statement of financial position al 30 June 2015 discloses the following On 30 dune 2016 the company assessed the fair value of the plart to be 6350000 . At 30 June 2017, the carrying amount of the plank was 6250000 . The tax rake is 30%. Depreciabion rales are 10% p.a. (accounting) and 12.5% p.a. (lax) using the straight-ine method 14. The joumal entries necessary to record the revaluation of plant fignoring any tax effect) at 30 June 2016 in aceordance with IAS 16 Property. Plant and Equipment is: Learning Objective 11.6 Explain the revaluation model of measurement C Satan Wilsy \& Sons, Lid 2016 11.5 15. The joumal entries to adjust for the tax effect of the revaluation at 30 June 2016 is: Learning Objective 11.6 Explain the revaluation model of measurement Use the following information to answer questions 14 and 15 An extract of a company's draft statement of financial position at 30 June 2015 discloses the following: On 30 June 2016 the company assessed the fair value of the plant to be 350000. At 30 June 2017, the carrying amount of the plant was 250000. The tax rate is 30%. Depreciation rates are 10% p.a. (accounting) and 12.5% p.a. (tax) using the straight-line method. 14. The journal entries necessary to record the revaluation of plant (ignoring any tax effect) at 30 June 2016 in accordance with IAS 16 Property, Plant and Equipment is: Learning Objective 11.6 Explain the revaluation model of measurement The journal entries to adjust for the tax effect of the revaluation at 30 June 2016 is: Learning Objective 11.6 Explain the revaluation model of measurement Use the following informadion to answer questions 14 and 15 An extract of a company's drah statement of financial position al 30 June 2015 discloses the following On 30 dune 2016 the company assessed the fair value of the plart to be 6350000 . At 30 June 2017, the carrying amount of the plank was 6250000 . The tax rake is 30%. Depreciabion rales are 10% p.a. (accounting) and 12.5% p.a. (lax) using the straight-ine method 14. The joumal entries necessary to record the revaluation of plant fignoring any tax effect) at 30 June 2016 in aceordance with IAS 16 Property. Plant and Equipment is: Learning Objective 11.6 Explain the revaluation model of measurement C Satan Wilsy \& Sons, Lid 2016 11.5 15. The joumal entries to adjust for the tax effect of the revaluation at 30 June 2016 is: Learning Objective 11.6 Explain the revaluation model of measurement