Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002.It is decided on 1 July 2002 that the building should be revalued to $820,000.What are the appropriate entries to record the revaluation using the net method?
E) None of the given answers.

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The Answer of Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002.It is decided on 1 July 2002 that the building should be revalued to $820,000.What are the appropriate entries to record the revaluation using the net method?
E) None of the given answers.

Manchester Ltd Has a Building That Originally Cost $850,000 and Has