题目内容

Edde owns a retail unit in central Springfield. He bought it 25years ago for $100,000, depreciating it over 50 years. At the start of 20X6 he decides to revalue the unit to $800,000. The unit has a remaining useful life of 25 years.What accounting entries should be made in 2X6?

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NCA cost $5,000, the useful life is 5years, at the end of year 2, revalued to $3,500 (or $2,600).

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