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Question · Revaluation increases

An entity applies the revaluation model to its land. A plot acquired for 300,000 was revalued to 270,000 in 20X1; the 30,000 decrease was recognised in profit or loss because there was no revaluation surplus. In 20X3, its fair value reaches 320,000. How is the 50,000 increase recognised in 20X3?

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