Pengo Ltd owns land that it purchased at a cost of 400 million in 2017 The company chooses to use revaluation accounting to account for the land The land's value fluctuates as follows (all amounts in thousands as of December 31) 2017, 450,000 2018, 360,000 2019, 385,000 2020, 410,000 and 2021, 450...

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: May 13, 2021 09:30 AM

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Pengo Ltd. owns land that it purchased at a cost of 400 million in 2017. The...

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Intermediate Accounting IFRS

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