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Manchester Ltd Has a Building That Originally Cost $850,000 and Has

Question 38

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Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002. It is decided on 1 July 2002 that the building should be revalued to $820,000. What are the appropriate entries to record the revaluation using the net method?


A) Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002. It is decided on 1 July 2002 that the building should be revalued to $820,000. What are the appropriate entries to record the revaluation using the net method? A) B) C) D) E) None of the given answers.
B) Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002. It is decided on 1 July 2002 that the building should be revalued to $820,000. What are the appropriate entries to record the revaluation using the net method? A) B) C) D) E) None of the given answers.
C) Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002. It is decided on 1 July 2002 that the building should be revalued to $820,000. What are the appropriate entries to record the revaluation using the net method? A) B) C) D) E) None of the given answers.
D) Manchester Ltd has a building that originally cost $850,000 and has accumulated depreciation of $120,000 as at 30 June 2002. It is decided on 1 July 2002 that the building should be revalued to $820,000. What are the appropriate entries to record the revaluation using the net method? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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