Question: QUESTION 1 A machine purchased by White Ltd cost $670 000 and had an accumulated depreciation balance of $120 000 at 30 June 2018. Its

and had an accumulated depreciation balance of $120 000 at 30 June

QUESTION 1 A machine purchased by White Ltd cost $670 000 and had an accumulated depreciation balance of $120 000 at 30 June 2018. Its fair value is assessed at this time, with its first revaluation as $450 000. What is/are the appropriate journal entry(ies) to record the revaluation using the net method

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