Which of the Following Is the Basic Accounting Entry for a Revaluation

question 11

Multiple Choice

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

• A) DR Revaluation surplus reserve; CR Asset
• B) DR Asset; CR Revaluation surplus reserve
• C) DR Expense on revaluation of asset; CR Asset
• D) DR Asset; CR Expense on the revaluation of asset

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Definitions:

Assimilation

The cognitive process of incorporating new information into existing cognitive structures, frameworks, or understanding.

Securely Attached

Refers to an attachment style characterized by confidence in relationships, comfort with emotional closeness, and the ability to seek and offer support when needed.

Strangers

Strangers are individuals who are not known or familiar, often encountered in social settings where there is no prior knowledge or interactions between the parties.

Comforted

Being comforted refers to receiving emotional support or reassurance in times of stress or sadness.