A) Accumulated depreciation - plant 30 000 Plant 15 000
Gain on revaluation plant 15 000
B) Plant 15 000 Gain on revaluation plant 15 000
C) Expense on revaluation of plant 15 000 Plant 15 000
D) Plant 15 000 Expense on revaluation of plant 15 000
Accumulated depreciation - plant 30 000
Correct Answer:
Verified
Q12: Which is the true statement?
A) A revaluation
Q13: Under IAS 36/AASB 136 Impairment of
Q14: Q15: Which statement concerning revaluations that reverse prior Q16: The carrying amount of a depreciable, non-current Q18: The basic accounting entry for a revaluation Q19: Which statement relating to revaluations of non-current Q20: A revaluation surplus is what type of Q21: Which statement relating to the composite-rate depreciation Q22: Midlothian Ltd uses composite-rate depreciation rate at
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