How did the Gupta family benefit from State Capture in South…

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Hоw did the Guptа fаmily benefit frоm Stаte Capture in Sоuth Africa?

Breаkfаst Teа Cоrp. cоntinues tо own the building that it purchased in early January 2020 and continues to account for this class of asset using the revaluation model (revaluing the class every three years and using straight-line depreciation). The building structure is expected to have a useful life of 25 years with no residual value. The asset’s fair value at December 31, 2025, is $62,850. The asset’s fair value at December 31, 2022, was $77,000. The balance in the Revaluation Surplus (OCI) account before the adjustment is $3,300. Prepare the journal entries to record:1. Elimination of accumulated depreciation between 2023 to 20252. Adjustment of the Buildings account to fair value