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Please use the formatting table to answer the question - also, explain how you came up with revaluation reserve balances please At the end of

Please use the formatting table to answer the question - also, explain how you came up with revaluation reserve balances please

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At the end of I year operations , company A decided to revalue its building Prior to re- evaluation . Buildings were: $ 500,000 accumulated depreciation : $10,000. Revaluation - buildings $ 475,000 2 0 year : Company A depreciated the building $9,000. At the end of the 2 " year , buildings were appraised to $ 4 95, 000 Account for revaluations in this format. Year 1 Total gain gain (los) OCI gain Revaluation ( loss ) affecting profit ( loss ) reserve balance Year 2

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