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A Machine Purchased by White Ltd Had a Cost of $670,000

Question 2

Multiple Choice

A machine purchased by White Ltd had a cost of $670,000 and an accumulated depreciation balance of $120,000 at 30 June 2002. 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?

A) A machine purchased by White Ltd had a cost of $670,000 and an accumulated depreciation balance of $120,000 at 30 June 2002. 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? A) B) C) D) E) None of the given answers.
B) A machine purchased by White Ltd had a cost of $670,000 and an accumulated depreciation balance of $120,000 at 30 June 2002. 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? A) B) C) D) E) None of the given answers.
C) A machine purchased by White Ltd had a cost of $670,000 and an accumulated depreciation balance of $120,000 at 30 June 2002. 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? A) B) C) D) E) None of the given answers.
D) A machine purchased by White Ltd had a cost of $670,000 and an accumulated depreciation balance of $120,000 at 30 June 2002. 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? A) B) C) D) E) None of the given answers.
E) None of the given answers.

A Machine Purchased by White Ltd Had a Cost of $670,000

Multiple Choice

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