National Semiconductor Limited (NSL) is a Multinational electronics manufacturer with facilities in many countries. The company is public and is listed on the Toronto Stock Exchange (TSX). In the past year, prices of the electronics NSL sells have been increasing steadily. This has indirectly made the value of their manufacturing facilities increase in value from the prior year. The company's Canadian operations are primarily located in Eastern Canada.

NSL is optimistic that prices of their products will continue to increase and has therefore decided to write up its manufacturing facilities. To this end, the company needs a reasonable estimate for their current value. Upper management would like to have any increase in valuation to not be in Other Comprehensive Income because they feel many users do not take that section seriously.

Required:

Adopt the role of NSLs Chief Financial Officer and discuss the options available for valuation, including how to measure for purposes of financial reporting. Make sure to give accounting reasons for your eventual choice of measurement.