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What will happen in june

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Supposed that a land is revalued by 100,000 in 31 dec 2016 and there was no revaluation record before , the tax rate is 30% , is it

land 100,000

gain on revalue 100,000

income tax expense(OCI) 30,000

DTL 30,000

gain on revalue 100,000

income tax expense (OCI) 30,000

revaluation surplus 70,000

Question 1: What will happen in 31 june 2017 ??

Reference no: EM132525985

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