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On 31 December 2014, a company acquires land for N$500 000. The land is revalued at N$530 000 on 31 December 2015 and N$460 000

On 31 December 2014, a company acquires land for N$500 000. The land is revalued at N$530 000 on 31 December 2015 and N$460 000 on 31 December 2016. The company prepares financial statements to 31 December each year and uses the revaluation model in relation to land. The correct accounting treatment of each revaluation in the statement of comprehensive income is as follows:

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