On April 30, 2020 Doufar Corporation purchased equipment for OR360,000. The equipment is expected to...
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Accounting
On April 30, 2020 Doufar Corporation purchased equipment for OR360,000. The equipment is expected to have a six-year useful life with no residual value. Doufar uses the straight-line depreciation method for all equipment On December 31, 2020, Doufar were chooses to revalue the equipment to its fair value of OR 320 000 Required Depreciation for 2020 would be OR The Equipment after revaluation would be OR (1 marks) The Accumulated depreciation after revaluation would be OR (1 marks) The Revaluation surplus after revaluation would be OR
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