Blockware Corporation Has Selected to Use the Revaluation Model for Its

question 55

Multiple Choice

Blockware Corporation has selected to use the revaluation model for its assets.Recently it had its building appraised.The appraiser placed a $5.0 M value on the building.Back in 2012 this building was purchased for $4.0M.This increases in value over cost requires a:

• A) Dr. to accumulated depreciation
• B) Cr. to the building account
• C) Cr. to revaluation surplus
• D) Dr. to revaluation surplus

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Definitions:

Purpose

An objective or intended goal of a process, function, or component in programming and software development.

Postorder Processing

A type of process often used in algorithms and data structure operations that involves visiting a node after its descendants in a tree.

Left Subtree

In binary tree structures, it refers to the subtree that is rooted at the left child of a parent node.

Right Subtree

The portion of a binary tree that is located to the right of a node.