Question: What is the basic accounting entry for an initial revaluation decrease of a non - depreciable asset? Debit expense on revaluation of asset; credit assetDebit

What is the basic accounting entry for an initial revaluation decrease of a non

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depreciable asset? Debit expense on revaluation of asset; credit assetDebit asset; credit revaluation surplus reserveDebit asset; credit expense on the revaluation of asset Debit revaluation surplus reserve; credit asset

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