What Is the Basic Accounting Entry for an Initial Revaluation

question 17

Multiple Choice

What is the basic accounting entry for an initial revaluation decrease of a non-depreciable asset?

• A) Debit expense on revaluation of asset; credit asset
• B) Debit asset; credit expense on the revaluation of asset
• C) Debit revaluation surplus reserve; credit asset
• D) Debit asset; credit revaluation surplus reserve

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Definitions:

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Classifications of humans into groups based on physical traits, ancestry, genetics, or social relations, often constructed socially and culturally.

College Admissions

The process whereby prospective students apply to and are selected by an educational institution for enrollment.

Infrahumanization

The belief that out-group members are less human or possessing fewer human qualities compared to in-group members.

Emotionally Complex

Having or showing a wide range of emotions, often simultaneously or fluctuating rapidly, indicating a deep or nuanced emotional capacity.