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IAS 16 property, plant and equipment 6) The land and...

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Accounting

IAS 16 property, plant and equipment
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6) The land and building were revalued on January 1,2021 for 1,500,000, of which 900,000 belongs to the land. The revaluation was carried out by an independent appraiser. 7) The useful economic life of the buildings has not changed. The buildings were bought 10 years ago 8) Annual depreciation rates are as follows: \begin{tabular}{ll} \hline Bulding & 2% per linear year \\ \hline Machinery installations & 20% per linear year \\ \hline \end{tabular} Required: Prepare extract from statement of financial position for AAMs for 2021. Show all calculations. 6) The land and building were revalued on January 1,2021 for 1,500,000, of which 900,000 belongs to the land. The revaluation was carried out by an independent appraiser. 7) The useful economic life of the buildings has not changed. The buildings were bought 10 years ago 8) Annual depreciation rates are as follows: \begin{tabular}{ll} \hline Bulding & 2% per linear year \\ \hline Machinery installations & 20% per linear year \\ \hline \end{tabular} Required: Prepare extract from statement of financial position for AAMs for 2021. Show all calculations

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