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    jpeggese's Avatar
    jpeggese Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Oct 31, 2015, 12:20 PM
    Assets
    I purchased a property for 60K in 1976, I show that amount on the balance sheet, how do I show the value of the property?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #2

    Oct 31, 2015, 01:01 PM
    Have you been depreciating the building over the years? Is it an income producing property?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
    		  
    #3

    Oct 31, 2015, 06:46 PM
    If you want to revalue to today's values you increase the value of the asset and take the difference to a revaluation reserve
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