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Below is an extract from Tiger Ltd's trial balance as at 31 December 2020 :...

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Accounting

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Below is an extract from Tiger Ltd's trial balance as at 31 December 2020 : On 1 January 2016, when the carrying amount of the building was 4,368,000 the directors of Tiger Ltd revalued the building for the first time to 14.56m when its remaining useful life was estimated to be 40 years. Tiger Ltd's accountant has already accounted for the revaluation and has reflected this in the above trial balance extract. However, the trial balance does not show any depreciation for the building for the year 31 December 2020 nor show the adjustment for the excess depreciation on revaluation which should have been taken from the revaluation surplus to retained earnings for the year 31 December 2020. The annual depreciation based on the historical cost of the building 87,360. In October 2020 , the land (not the building) was independently valued at 6,115,000. This adjustment is not shown in the above trial balance. What is the balance on the revaluation surplus account of Tiger Ltd as at 31 December 2020 after the required adjustments have been made? 2,343,3603,421,0003,508,3603,785,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers

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