Company One purchased land for $1,000,000 during the year. Fair value at the end of the year was…

Company One purchased land for $1,000,000 during the year. Fair value at the end of the year was…

Company One purchased land for $1,000,000 during the year. Fair value at the end of the year was $1,250,000. Required: Prepare the journal entry to record the revaluation adjustment. View Solution:
Company One purchased land for 1 000 000 during the year Fair

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