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Property ―2‖ 9,50,000 17,50,000
Investment Properties
Property ―3‖ (1,200,000 – 80,000) 11,20,000

Equity and Liabilities
Other Equity
Revaluation Reserve
Property ―1‖ [8,00,000 – (7,50,000 – 75,000)] 1,25,000
The revaluation reserve should be routed through Other Comprehensive Income (subsequently not
reclassified to Profit and Loss) and shown in a separate column under Statement of Changes in Equity.

Working Notes:
Particulars Property 1 Property 2 Property 3
Purchase Price Rs. 7,50,000 Rs. 10,50,000 Rs. 12,00,000
Estimated Life 10 years 15 years 15 years
Depreciation for the year Rs. 75,000 Rs. 70,000 Rs. 80,000
Carrying Value as on 31st Rs. 6,75,000 Rs. 9,80,000 Rs. 11,20,000
March, 2021
Fair Value as on 31st Rs. 8,00,000 Rs. 9,50,000 Rs. 13,00,000
March, 2021
Subsequent Measurement Revaluation Fair Value Fair Value (Rs. Cost
Surplus / (Deficit) Rs. 1,25,000 30,000)

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