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What is the appropriate journal entry to record revaluation

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Question - A machine purchased by White Plc had a cost of €670 000 and an accumulated depreciation balance of €120 000 at 31 December 2018. Its fair value is assessed at this time, with its revaluation as €450 000. What is/are the appropriate journal entry(ies) to record the revaluation?

Reference no: EM132546702

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