On January 1, 2022, Flounder Corporation acquires a building at a cost of $210,000. The building is expected to have a 30 -year life and no residual value. The asset is accounted for using the proportionate revaluation method and revaluation is carried out every two years. On December 31,2023 , the fair value of the building is appraised at $205,800 and on December 31,2025 its fair value is $182,000