On January 1, 2021, Contagious Company provided the following information related to the land and buikding: Land 50,000,000 Buikfing 450,000,000 Accumulated Depreciation - Building 75,000,000 There...


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On January 1, 2021, Contagious Company provided the following information related to the land and buikding:<br>Land<br>50,000,000<br>Buikfing<br>450,000,000<br>Accumulated Depreciation - Building<br>75,000,000<br>There were no additions or disposals during the current year. Depreciation is computed using straight line over 15 years for building.<br>On June 30, 2021, the land and building were revalued.<br>Replacement<br>Sound Value<br>Cost<br>Land<br>65,000.000<br>65.000.000<br>600,000,000<br>480.000,000<br>Building<br>What is the revaluation surplus on June 30, 2021?<br>O 135,000,000<br>O 120.000.000<br>O'160.000 000<br>O 125,000.000<br>Nekt<br>

Extracted text: On January 1, 2021, Contagious Company provided the following information related to the land and buikding: Land 50,000,000 Buikfing 450,000,000 Accumulated Depreciation - Building 75,000,000 There 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. Replacement Sound Value Cost Land 65,000.000 65.000.000 600,000,000 480.000,000 Building What is the revaluation surplus on June 30, 2021? O 135,000,000 O 120.000.000 O'160.000 000 O 125,000.000 Nekt

Jun 03, 2022
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