An entity purchased a property 15 years ago at a cost of Rs. 100000 and have been

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An entity purchased a property 15 years ago at a cost of Rs. 100000 and have been depreciating it at a rate of 2% per annum, on the straight line basis. The entity has had the property professional revalued at Rs. 500,000 .

What is the revaluation surplus that will be the recorded in the financial statements in respect of this property?

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International Financial Reporting And Analysis

ISBN: 9781473766853

8th Edition

Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn

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Posted Date: Apr 15, 2023 02:50 AM

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An entity purchased a property 15 years ago at a cost of Rs. 100000 and have been

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1 Calculate the revelation surplus STEP 1 calculate ... View the full answer

International Financial Reporting And Analysis

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