[patlat]

From this same question, I have another confusion. The note no 1 said that ”Highveldt Co has a policy of revaluing land and buildings to fair value. At the date of acquisition Samson Co’s land and buildings had a fair value $20 million higher than their carrying amount and at 31 March 20X5 this had increased by a further $4 million (ignore any additional depreciation).”. Please tell how to record this

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