I have an investment property (cost £20k), that has been revalued in the books at £35k. I have just sold it for £30k. What are the accounting entries on the disposal, if the revaluation reserve holds £15k for this property
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I have an investment property (cost £20k), that has been revalued in the books at £35k. I have just sold it for £30k. What are the accounting entries on the disposal, if the revaluation reserve holds £15k for this property
I would just do a reverse entry on whatever accounts affected when you set up the reserve.
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