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:

Phospholipids

A type of lipid molecule that forms the primary component of all cell membranes, consisting of two fatty acids and a phosphate group attached to glycerol.

Cell Membranes

Cell membranes are thin, flexible barriers that surround cells, regulating the passage of substances in and out of the cell, and providing structural support.

Vacuoles

Membrane-bound organelles in cells, particularly plant cells, which are involved in storage and maintenance of cellular homeostasis.

Lysosomes

Intracellular organelles present in many animal cells; contain a variety of hydrolytic enzymes.