How Is a Revaluation Loss on Non-Current Assets Accounted For

question 42

Multiple Choice

How is a revaluation loss on non-current assets accounted for?

• A)Revaluation loss is booked to profit and loss.
• B)Revaluation loss is booked to other comprehensive income.
• C)Revaluation loss is booked to profit and loss or to other comprehensive income, depending on any pre-existing revaluation surplus.
• D)Revaluation loss is not recognized in other comprehensive income.

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Definitions:

Electron

Negatively charged subatomic particle in an atom.

Valence Electrons

Electrons in the outer shell of an atom that determine the atom's chemical properties and its ability to form bonds with other atoms.

Atomic Number

The number of protons in the nucleus of an atom, which determines the chemical properties of an element and its place in the periodic table.

Atomic Mass

The mass of an atom, typically expressed in atomic mass units (amu), representing the total number of protons and neutrons in the nucleus.