Please could someone help me with the double entry needed to record a valuation for "Freehold Reversion" in a set of accounts?
A Ltd Company is set up and buys a freehold plot of land with a residential property on it. The co sells the property to an individual on a 100 yr plus lease. At the same time sells the company which now consists of shares and the freehold ground on which the leasehold property sits. The new owners have to produce a set of accounts which report a value for the "Freehold Reversion". How should I handle this...?