J Limited owns its own office property. The revaluation model has been adopted and the office property

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Question:

J Limited owns its own office property. The revaluation model has been adopted and the office property has been revalued to $3,600,000 as at 31st December 2020 from its book value of $2,000,000 prior to the revaluation. This is the first year the revaluation has taken place.

(i) What is the required journal entry to record the office property revaluation?