AQUA COMPANY constructed a building for P6,600,000 on January 1, 2017. The building's useful life is 15
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Question:
Question:
Prepare the entry to record the revaluation under the following methods:
Restatement of the accumulated depreciation proportionately with the change in the AQUA COMPANY Company's carrying amount of the asset.
The accumulated depreciation is eliminated against the carrying amount of the asset.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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