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Vittorio owns land which originally cost $250,000. No depreciation has been charged on the land in accordance with IAS16. Vitoorio wishes to revalue the land

Vittorio owns land which originally cost $250,000. No depreciation has been charged on the land in accordance with IAS16. Vitoorio wishes to revalue the land to reflect its current market value,which he has been advised is $600,000. What is the double entry to record this revaluation.

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