Question: A machine costing 4 8 0 , 0 0 0 , depreciated at 1 0 % per annum on cost , was revalued after four

A machine costing

480, 000,

depreciated at

10 %

per annum on cost

,

was revalued after four years of use at

600, 000 .

How much of the revaluation gain recognised in the accounts may be regarded as realised and transferred to Retained Earnings in the fifth year of machine

s use?

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