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Hello,i have two queries.
1. In past paper of jarvis,there is one adjustment for land and building for the revaluation purpose.I cant get why the rate was used 20 for carrying value of land and building at 31 dec X8 when the closing rate was 22.Is it because for valuing assets at opening date rate and then compare it with closing rate so get b alancing figure?
2.In the past paper question of Kutchen,why NCI was not calculated and taken into account for calculation of gain n loss at disposal?
In another past paper question Hill disposed doyle off but NCI was added instead of getting lessened from value of proceeds,why there are diff treatments?
please help me out
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