Question

Journal entry for revaluation of land and building

Answer 1

Problem: Journal Entries of
Depreciation after of revaluation on
Fixed Assets.
An Examples is given below:
Books Value as on 01/01/2010 usd
1,00,000/=
Useful Life 10 Years
Accumulated Depreciation usd as on
31.12.2011 usd 20,000/=
Now The assets revalue as on
01/01/2012 usd 90,000/=
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