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What is the balance on the revaluation reserve

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Question - At 31 Dec X7, a business has a revaluation reserve balance of £20,000 relating to its only property.

At 31 Dec X8, the property has a carrying amount of £250,000 but is then revalued at £200,000.

When the financial statements are prepared for the year ending 31 Dec X8, what is the balance on the revaluation reserve relating to the property?

Reference no: EM132876735

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