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2-B) Darbat Company had purchased a building on 1 January 2015 for 100,000 OMR and...

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Accounting

2-B) Darbat Company had purchased a building on 1 January 2015 for 100,000 OMR and estimated the useful life as 20 years, On 1 January 2019, the building was revalued to 96,000 OMR and useful life was revised as 12 years (remaining). On 1 January 2023, the building was revalued to 53,000 OMR.
Record the journal entries for 1 January 2019 and 1 January 2023 revaluations.
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