On January 1, 2021, Contagious Company provided the following information related to the land and buikding:Land50,000,000Buikfing450,000,000Accumulated Depreciation - Building75,000,000There were no additions or disposals during the current year. Depreciation is computed using straight line over 15 years for building.On June 30, 2021, the land and building were revalued.ReplacementSound ValueCostLand65,000.00065.000.000600,000,000480.000,000BuildingWhat is the revaluation surplus on June 30, 2021?O 135,000,000O 120.000.000O'160.000 000O 125,000.000Nekt

Name: On January 1, 2021, Contagious Company provided the following informa
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Description: On January 1, 2021, Contagious Company provided the following information related to the land and buikding:Land50,000,000Buikfing450,000,000Accumulated Depreciation - Building75,000,000There were no additions or disposals during the current year. De

Contentious company has : Land 50,000,000 Building 450,000,000 Accumulated depreciation on…

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On lanuary 1, 2021, Contagious Company provided the folowing information related to the land and building Land 50,000,000 Buikding 450,000.000 Accumulated Depreciation - Building 75,000,000 There were no additions or disposals during the current year. Depreciation is computed uning straight line over 15 years for building On June 30, 2021, the land and building were revalued.

On lanuary 1, 2021, Contagious Company provided the folowing information related to the land and building Land 50,000,000 Buikding 450,000.000 Accumulated Depreciation - Building 75,000,000 There were no additions or disposals during the current year. Depreciation is computed uning straight line over 15 years for building On June 30, 2021, the land and building were revalued.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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