2 points Save Answer this year. Red Corp purchased land for $600,000 some years ago. Fair value was $800,000 at the beginning of this year and $350,000 at the end of The entry to record this vear's revaluation adjustment would include: A Debit to Revaluation Surplus OCI of $200,000 A Debit to Revaluation Surplus OCI of $450,000 A Debit to Loss on Land evaluation of 450,000 O A Credit to Land of $250.000