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What gain should be recognised to other comprehensive income

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Question - Edward Plc buys a new building costing £100m on 1 January 2019 and classifies it as Property, Plant and Equipment. It's depreciation policy is 10% straight line with no residual value. On 31 December 2020 the building is revalued. The market value is £110m and costs to sell the building are estimated as $2m. What gain should be recognised to other comprehensive income for the year ended 31 December 2020?

Reference no: EM133064895

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