Question: QUESTION 3: A machine purchased by Pruno Ltd had a cost of S670 000 and an accumulated depreciation balance of $120 000 al 30 June

QUESTION 3: A machine purchased by Pruno Ltd had a cost of S670 000 and an accumulated depreciation balance of $120 000 al 30 June 2018. Its fair value is assessed at this time, with its first revaluation as $450 000. Required What are the appropriate journal entry to record the revaluation? 1

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