Find the gain/loss on sale of property from these two figures Freehold property at cost/valuation (revalued 1

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Find the gain/loss on sale of property from these two figures

Freehold property at cost/valuation (revalued 1 January 2020): $1,380,000

Asset revaluation reserve on property:$480,000

Additional information:
A sale of property has been included in relevant accounts.

Posted Date: Nov 18, 2021 03:02 AM

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Find the gain/loss on sale of property from these two figures Freehold property at cost/valuation (revalued 1

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1 As given in question property is revalued on 01 Jan 2020 that means amount shown in rev... View the full answer

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