Entries to show increase in land value
What are the correct entries to show the increased QV land value for a private company? The land is currently shown at $400k in the books, but now has an increased value of $435k. How do I show this ...
Forum Discussion
@ LynneNz
I understand a private company does not need to Mark to Market.
It may well be prudent to do so.
As Genreve said, please talk to your Tax Accountant.
Duncan
