Valix Finacc vol 1 Problem 19-9

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 19 Problem 19-9

1. Accumulated depreciation                                                   800,000

Machinery                                                                                                           800,000

2. Retained earnings                                                                             400,000

            Revaluation surplus                                                                                            400,000