Mr Lejwak Is An Accountant In Mijj Ltd The Following Details Are Available In Re

Mr Lejwak is an accountant in Mijj ltd. 

The following details are available in relation to a non specialized property.

Carrying value                          $1,040,000

Depreciation historic cost      $960,500

Recoverable amount               $820,400

Existing use value                     $750,000

How should the revaluation loss be treated?

 

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