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Posted by: Kelvin
Price Quoted by Student: $5
Posted On: 2019-06-28 01:01:48
 
Question
XYZ company incurred an expenditure of $100000000 in constructing a tea factory over a period of 2 years to December 2005.The asset was used for the first time in June 2005.The useful economic life of the factory is 20 years with zero residuals value,on May 2013 the asset was revalued at $180000000 and there was no change in estimated value of the asset.On May 2017 the asset was revalued and found it had been deducted to$80000000. Required write the appropriate books of account from June 2005 and June 2014

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