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How should the revaluation loss be treated

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Reference no: EM132108972

Question - Mr Lejwak is an accountant in Mijj ltd.

The following details are available in relation to a non specialized property.

Carrying value $1,040,000

Depreciation historic cost $960,500

Recoverable amount $820,400

Existing use value $750,000

How should the revaluation loss be treated?

Reference no: EM132108972

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