Question: wers will automatically save as you proceed through the test. QUESTION 2: PPE REVALUATION (10 MARKS) In the 30 June 2021 annual report of ABC

wers will automatically save as you proceed through the test. QUESTION 2: PPE REVALUATION (10 MARKS) In the 30 June 2021 annual report of ABC Ltd reported the following: Land (at cost) 200,000 Land is measured using the cost model. At 30 June 2021, Land was assessed to have a fair value of $210 000. At 30 June 2022, Land was assessed to have a fair value of $ 180 000. (:= Question 3 Required Prepare the land revaluation journal entries for the period ended on 30 June 2021 and 30 June 2022. (Please ignore the tax effect.) B I A Xz X 2 = = 66 x

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