Blossom Inc. is a publicly traded company that uses straight-line depreciation and the revaluation method. Blossom purchased a building on May 1,2023 for $751000. The building is expected to have a 25 -year useful life with no residual value. Blossom applies the asset adjustment method to the building at the December 31,2025 year end. The building's fair value is $670893. What is the revaluation surplus or loss? $2500 loss $80107 loss $10000 surplus $0 Which of the following statements is correct? IFRS allows the cost, revaluation, or fair value models; ASPE allows only the cost and revaluation models. ASPE allows the cost, revaluation, or fair value models; IFRS allows only the cost model. IFRS allows the cost, revaluation, or fair value models; ASPE allows only the cost model. Both IFRS and ASPE allow the cost, revaluation, or fair value models