Wilson Inc Wishes to Use the Revaluation Model for This

question 68

Multiple Choice

Wilson Inc wishes to use the revaluation model for this property: $$\begin{array} { | l | r | } \hline & \text { Before Revaluation } \\\hline \text { Building Gross Value } & 120,000 \\\hline \text { Building Accumulated Depreciation } & 40,000 \\\hline \text { Net carrying value } & 80,000 \\\hline\end{array}$$ The fair value for the property is $140,000. Using straight-line depreciation and assuming that the property has a remaining depreciable life of 5 years, how much would be booked to accumulated depreciation in the year subsequent to the revaluation?

• A)$16,000 debit.
• B)$16,000 credit.
• C)$28,000 credit.
• D)$28,000 debit.

Recognize the importance of the instructional design process in developing effective training programs.

Understand the processes involved in identifying training needs and ensuring readiness for training.

Recognize the role of social support and situational constraints in the effectiveness of training programs.

Understand and classify different training methods, including computer-based training, apprenticeships, and on-the-job training.

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Definitions:

Information Symmetry

A situation where all parties involved in a transaction have equal access to all relevant information, leading to fair and efficient market outcomes.

Liquidation Value

The estimated total value of a company's assets if they were sold off immediately, often considered in the context of a business winding down or in bankruptcy.

Sales Value

Sales value represents the total revenue generated from goods or services sold by a company over a specific period.

Financial Statement Numbers

The quantitative information contained within the financial statements, including figures related to revenue, expenses, assets, liabilities, and equity.