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Prepare the journal entries for the year ended december

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Reference no: EM133053490

Question - Berat Bhd purchased a building on 1 January 2015 for RM5 million. The building has a useful life of 25 years. It is the policy of the company to use the revaluation model for its building. On 1 January 2018 and 2020, the building was revalued at RM4.5 million and RM4 million respectively.

Required - Prepare the journal entries for the year ended 31 December 2018 and 31 December 2020.

Reference no: EM133053490

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