Mini company purchased land for $100,000 in 2018 and selected the revaluation model for this...
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Mini company purchased land for $100,000 in 2018 and selected the revaluation model for this asset. Fair values of land are as follows. Year Fair value ($) 2018 90,000 2019 120,000 2020 150,000 2021 110,000 2022 100,000 Required Indicate the carrying amount of land and balance of each revaluation account for each year.
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