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LynneNz's avatar
LynneNz
Contributing User
1 year ago

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 ...
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DuncanS's avatar
DuncanS
Ultimate Partner
1 year ago

@ 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

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