A machine with a cost of $ 2 0 0 0 0 0 & useful life of

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A machine with a cost of $

200000

& useful life of

8

yearswas acquired at the beginning of year

1 .

The machine isrevalued every

2

years and the revaluation reserve will beregarded as realized only when the machine is sold. Thenet replacement cost of the machine was as follows; Beginning of year

3

160000

Beginning of year

5

95000

Beginning of year

7

50000

How will the revaluation increases

/

decreases beaccounted?

Related Book For answer-question

Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

See More Books

Posted Date: May 07, 2024 05:46 AM

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A machine with a cost of $ 2 0 0 0 0 0 & useful life of

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Okay based on the additional information provided The machine was originally acquired at the beginni... View the full answer

Intermediate accounting

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