On 31.12.2018, a company acquires a plot of land instead of 500,000€ and which is classified as owner-occupied properties. The plot is adjusted to 530.000€ on 31.12.2019 and 460.000€ on 31.12.2020. The company prepares financial statements at 31.12 of each year and uses the model of readjustment in relation to the land. What is the accounting treatment of each adjustment in the Balance Sheet (Statement of Financial Position) as well as in the statement of total revenue?

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On 31122018 a company acquired a plot of land for 500000 and which is classified as owneroccupied p... View the full answer