Company One purchased land for $1,000,000 during the year. Fair value at the end of the year

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Company One purchased land for $1,000,000 during the year. Fair value at the end of the year was $1,250,000.
Required:
Prepare the journal entry to record the revaluation adjustment.

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Intermediate Accounting

ISBN: 978-0132612111

Volume 1, 1st Edition

Authors: Kin Lo, George Fisher

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Question Posted: Feb 04, 2016 04:50 AM

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Company One purchased land for $1,000,000 during the year. Fair value at the end of the year

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Intermediate Accounting

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