Pass the journal entries from january to december

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Question - On 1 January 2004, R Corporation purchased a building for $100,000 with nil residual value and 10 years of useful life. On 31 December 2004, the building was revalued to $63,000. On 31 December 2005, due to a surge in the property market, the building was again revalued but this time the worth was $92,000. Pass the journal entries from 1 January 2004 to 31 December 2005.

Reference no: EM133145188

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