Max owns a factory The premises were purchased on 1 January 2011 for $550,000 and depreciation charged at 2 pa straight line Max now wishes to revalue the factory premises to $800,000 on 1 January 2015 to reflect the market value What is the balance on the revaluation reserve after this transactio...

Answer Balance on the revaluation reserve 294000 Workings i Premises we ...

Max owns a factory. The premises were purchased on 1 January 2011 for $550,000 and depreciation...

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Max owns a factory. The premises were purchased on 1 January 2011 for $550,000 and depreciation...

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