Page 176 - F1 Integrated Workbook STUDENT 2018
P. 176
Chaptter 10
Exxampple 6
Assset A cost $$50,000 onn 1 Januaryy 20X4. Thhis asset has a usefuul life of 10
years and is reevalued to $25,000 oon 31 Deceember 20XX9.
Assset B cost $$50,000 onn 1 Januaryy 20X7. Thhis asset has a usefuul life of 5
years and is reevalued to $17,000 oon 31 Deceember 20XX9.
Shoow how eaach of the gains or llosses willl be recorrded within the
revaaluation reeserve or the statemment of prrofit or losss.
166
