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Business, 07.04.2020 22:21 jefersina16

Synergy Ltd. purchased a building in 2008 for €20,000,000 and as of December 31, 2014 had recorded accumulated depreciation on the building of €6,000,000. On December 31, 2014, the company conducted its first revaluation when the fair value was €24,000,000. Under IAS 16, the journal entry recorded on this date would include:

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Synergy Ltd. purchased a building in 2008 for €20,000,000 and as of December 31, 2014 had recorded a...

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