A Company owns land (cost BDT 200,000) for which it uses revaluation accounting. It has the following information related to this asset, the only land asset that Wang owns. Date Fair Value January 1, 2014 BDT200, 000

December 31, 2014 215,000 December 31, 2015 185,000 December 31, 2016 205,000

Determine the amounts to be reported by the company at each year under both cost method and revaluation method as Land, Other Comprehensive Income, Impairment Loss.

Which method is more conservative according to your opinion? Explain