At the end of its first year of operations, Weez Ltd decided to revalue its building. Prior to the revaluation, the balances for Building and Accumulated Depreciation, Building were $500,000 and $10,000, respectively. The appraised value of the building was then determined to be $475,000.

In the second year of operations, Weez Ltd depreciated the building $9,000. At the end of the second year, the building was once again appraised, this time for $495,000. You have been retained to help Weez Ltd determine how to account for the revaluations in both years by presenting your findings in table format.

Copy and paste the following table as a template to prepare your answer. If you conclude that a cell should not contain a figure, write NONE in the cell. Leaving a cell blank will be considered an incorrect answer. Losses should be shown in brackets like ( ).

	Total Gain (Loss)	Gain (Loss) affecting profit	OCI Gain (OCI Loss)	Revaluation Reserve Balance
Year One:
Year Two: