How should asset be dealt with in the financial statement

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Reference no: EM132817438

Question - A Company acquired an intangible asset on 30th June 2007 for $60,000. The asset was revalued at $80,000 on 30th June 2008 and $45,000 on 30th June 2009. How should the asset be dealt with in the financial statements?

Reference no: EM132817438

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