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Show the relevant extracts from the final accounts

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KUC PLC revalues its buildings and decides to incorporate the revaluation into the books of accounts. The following information is relevant.

Extract from the balance sheet at 31st December 2014

???????? GH¢m

??Building at cost ???? 15,000

??Depreciation ????? 4,500

                 ???????? 10,500

?Additional Information

  1. Depreciation has been provided at 2% per annum on the straight line basis. The building is revalued on 31st March, 2015 at GH¢13,800 million. There is no change in its remaining estimated useful future life.

Required:

Question 1: Show the relevant extracts from the 31/12/15 final accounts.

Reference no: EM132499485

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