IAS 16: PP&E

Carlson uses the straight-line method to depreciate its property, plant & equipment. Carlson has four PP&E categories: (1) land, (2) buildings, (3) machinery & equipment, and (4) furniture & fixtures. A building was purchased on January 3, 2018 for $3,250,000. It has an estimated useful life of 25 years and an estimated residual value of $250,000. The company elected the revaluation model under IAS 16 to determine the carrying value of its buildings subsequent to acquisition.

In January 2019, the building was appraised, and was determined to have a fair value of $3,850,000. There was no change in the estimated useful life or residual value of the building. Carlson determined that a new appraisal was not warranted at December 31, 2019. Carlson uses the historical cost method for all other categories of PP&E.

What is the adjustment using IFRS to put in income statement? What is the adjustment using U.S. GAAP to put in income statement?