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What the depreciation charge for the building from july will

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Monir Ltd acquired a building for $250,000 during the financial year ended 30 June 2018 and adopted revaluation model for the asset. On 30 June 2020, the building has a carrying amount of $170,000 and a fair value of $220,000.

Question 1: The depreciation charges for the building from 1 July 2020 will be based on:

Option a. $220,000

Option b. $250,000

Option c. $170,000

Option d. $80,000

Reference no: EM132543570

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