A-LevelAccountingAccounting for non-current assets9706/12 · Feb/Mar 2020 · Q31 Mark
The following information is available. freehold premises at cost 125000 provision for depreciation of freehold premises 50000 The premises were revalued at $180000. Which entries are required to record the revaluation?
Acredit $105000 debit $55000 none debit $50000
Bdebit $55000 debit $75000 debit $50000 credit $180 000
Cdebit $75000 debit $55000 debit $50000 credit $180 000
Dnone debit $55000 debit $50 000 credit $105000
✓ Correct answer
D: none debit $55000 debit $50 000 credit $105000
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