Question: Entity R measures its non-current assets using the revaluation model. At 30 June 20x2, Entity R purchased a property for R100 000. The property was

Entity R measures its non-current assets using the revaluation model. At 30 June 20x2, Entity R purchased a property for R100 000.

The property was revalued at 30 June 20x6 to R250 000.

The latest valuation report, dated 30 June 20x8,

values the building at R95 000.

Entity R has adjusted the building shown in non-current assets at 30 June 20x8. Calculate the debit entry in Entity Rs financial statements for the year ended 30 June 20x8. (5)

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