The Basic Accounting Entry for a Revaluation Decrease of a Non-Depreciable

question 8

Multiple Choice

The basic accounting entry for a revaluation decrease of a non-depreciable asset that is not a reversal of an original increase is which of the following?

• A) Debit expense on revaluation of asset; credit asset
• B) Debit asset; credit expense on the revaluation of asset
• C) Debit revaluation surplus reserve; credit asset
• D) Debit asset; credit revaluation surplus reserve

---

Definitions:

Inattentional Blindness

Failing to see visible objects when our attention is directed elsewhere.

Videotape

Magnetic tape used for storing video and audio signals, historically used before digital recording became predominant.

Basketball

A team sport where two teams, typically of five players each, try to score by shooting a ball through a hoop elevated 10 feet above the ground.

Circadian Rhythm

The biological clock; regular bodily rhythms (for example, of temperature and wakefulness) that occur on a 24-hour cycle.