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Carla Vista Inc. owns assets to which it applies the revaluation model (asset-adjustment method). The following additional information is available: 1. The depreciation expense for
Carla Vista Inc. owns assets to which it applies the revaluation model (asset-adjustment method). The following additional information is available: 1. The depreciation expense for 2024 was $6540. 2. Between December 31, 2023, and December 31, 2024, the property's fair value had increased by $32700. 3. The December 31, 2024, balance in the revaluation surplus account (prior to any fair value adjustments) was $2180. The adjusted December 31, 2024, in the revaluation surplus account will be O $28340. O $41420. O $0. O $34880
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