Question: Fantastic Itd had its head office located in De rust South Africa. During a landslide, a building which it owned and was renting to Sadly

Fantastic Itd had its head office located in De rust South Africa. During a
landslide, a building which it owned and was renting to Sadly Limited was
destroyed. Fantastic Itd then decide to move its head office to another under-
utilized building nearby, which was currently being used for administration
purposes and to lease its original head office building to Sadly Limited as a
replacement.
Additional information.
The head office was purchased on 1 January 2005 for R500000, with a useful
life of 5 years. The fair value of the head office building was R520000 on 30
June 2005 and R 490000 on 31 December 2005. Fantastic limited uses the cost
model to measure the Property Plant and equipment and the revaluation model
to measure the investment properties.
Required:
Do all the related journals for Fantastic Limited for the year ended 31 December
2005
 Fantastic Itd had its head office located in De rust South

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