11:55 4G 10:16 e marre em ju je III Question 15 Not yet answered Morked out of 100 Flog question Arab Company applies revaluation accounting to plant assets with a book value of $950,000, a useful life of 5 years, and no salvage value Depreciation is calculated on the straight-line basis. At the end of year 1, independent appraisers determine that the asset has a fair value of $900,000 The financial statements for year one will include the following information Select one: Plant assets $900,000 Accumulated depreciation $190,000 Revaluation surplus $50,000 Depreciation expense $50,000, Send Save