Hi all,

I'm bringing the financials up to date of a company belonging to my parents that holds a property and want to enter this property into the asset register and apply its value to the balance sheet under assets.

The property's title deed says the property was purchased at value of R60 000 in 1995. Is this the value I must enter in the asset register, and the balance sheet? Or do we apply a new value based on the property's appreciation during this time?