Mathematics · Accounting - OCI Calculation
Based on the following data for Zappa Co for the year ended 30 June 20X4, calculate the total amount to be included in Other Comprehensive Income (OCI): 1. Revaluation surplus arising on land and buildings during the year: $70,0002. Depreciation charge for the year relating to buildings: $20,000 (No annual transfer of excess depreciation is made)3. Gain on disposal of motor vehicles during the year: $1,000
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$71,000
- 2$70,000✓
- 3$51,000
- 4$50,000
Correct answer
$70,000
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