Brahms Ltd Acquired a Property of Land and Building for $1.5

question 49

Multiple Choice

Brahms Ltd acquired a property of land and building for $1.5 million.Management estimates the value of land to be 40% of cost.The building is estimated to have a useful life of 50 years.After 25 years,the property was revalued at 1.2 million.It is expected that the life of building will remain the same and salvage value is expected to be $100,000.What is the revaluation gain(loss) for building and the depreciation expense one year after revaluation?

• A) $120,000; $24,800
• B) ($120,000); $28,800
• C) $220,000; $24,800
• D) ($220,000); $28,800
• E) None of the given answers

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Definitions:

Transformational Leaders

Leaders who inspire followers to exceed their own self-interests for the good of the organization and can effect significant change.

Transformational

Pertaining to a significant change or transformation, often referring to leadership or organizational change that inspires and motivates.

Transformational Leader

A type of leadership style that inspires positive changes within individuals and social systems, motivating followers to exceed expectations.

OCB

Organizational Citizenship Behavior, which represents voluntary, extra-role activities performed by employees that contribute to organizational effectiveness.