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Robertson Inc prepares its financial statements according to IFRS. At the end of its 2016...

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Accounting

Robertson Inc prepares its financial statements according to IFRS. At the end of its 2016 fiscal year, the company chooses to revalue its equipment. The equipment cost $585,000, had accumulated depreciate of $259,000 at the end of the year after recording annual depreciation, and had a fair value of $349,000. After revaluation, the accumulated depreciation account will have a balance of

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