jovanansma jovanansma

10-02-2024
Business

contestada

Croatia Company purchased land in January 2019 for €600,000.
For the preparation of the financial statements Croatia Company
each year obtains a valuation report. We have the following
information on the fair value of the land:
31.12.2020 620,000
31.12.2021 580,000
31.12.2022 605,000
Prepare the journal entries to record the land using revaluation
accounting for years ending December 31, 2020; December 31,
2021 and December 31, 2022.

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