At 1 May 2015, Bloxden had a revaluation surplus of USD1,257,000 in respect of the revaluation of its head office.During the year to 30 April 2016, the value of the head office was increased by a further USD82,000. In the same period, the value of the company’s factory fell by USD90,000.What amount of revaluation surplus should appear in Bloxden’s statement of financial position at 30 April 2016?
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A USD254,000 B USD294,000 C USD299,000 D USD339,000
5 .During the year, Clonadde made a profit on the sale of a machine and recognised a surplus on the revaluation of a building.Which of the following is correct?
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A USD13,500 B USD14,850 C USD15,525 D USD15,885
