Company Three purchased land for $1,000,000. Fair value was $600,000 at the beginning of the year and

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Company Three purchased land for $1,000,000. Fair value was $600,000 at the beginning of the year and $1,100,000 at the end of the year.
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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 04:52 AM

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Company Three purchased land for $1,000,000. Fair value was $600,000 at the beginning of the year and

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Intermediate Accounting

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