Question: Task 4 (5 points) Anke Ltd. has an item of plant whose current carrying amount is 300 000, being the original cost of 400 000

Task 4 (5 points) Anke Ltd. has an item of plant whose current carrying amount is 300 000, being the original cost of 400 000 less accumulated depreciation of 100 000. Show the appropriate journal entries if the asset is revalued downwards to 190 000. The tax rate is 30%.

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