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Leaving cert accounting revaluation accounts

Sarahg123 · 2014-10-16 17:10:25

I am after doing a question but the figures I am working out with in the buildings account is leaving me with a revaluation the would be in the cr side!! Can this happen just a bit confused !! Unless the disposal is wrong but think I am right on saying that the buildings cost 710000 revalued on first year to 900000…

16-10-2014 6:10pm

#1

Sarahg123

Registered Users Posts: 2 ✭

Join Date: October 2014

Posts: 0

I am after doing a question but the figures I am working out with in the buildings account is leaving me with a revaluation the would be in the cr side!! Can this happen just a bit confused !! Unless the disposal is wrong but think I am right on saying that the buildings cost 710000 revalued on first year to 900000 revalued again at 15% giving me 1035000 which leaves me with too much on revaluation

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Comments

#2 16-10-2014 11:43pm

Shane_LFC

Registered Users Posts: 5 ✭

Join Date: August 2014

Posts: 5

Is this a previous exam question?

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