Pengo Ltd. owns land that it purchased at a cost of ¥400 million in 2017. The company

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Pengo Ltd. owns land that it purchased at a cost of ¥400 million in 2017. The company chooses to use revaluation accounting to account for the land. The land's value fluctuates as follows (all amounts in thousands as of December 31): 2017, ¥450,000; 2018, ¥360,000; 2019, ¥385,000; 2020, ¥410,000; and 2021, ¥460,000.
Instructions
Complete the following table below.
Accumulated Other Comprehensive Income Recognized in Net Income Other Comprehensive Value at December 31 Income 2017 201
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Related Book For  book-img-for-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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