Question 12 Before application of the IFRS Revaluation option, the 12/31/17 balance sheet of the Ney Company included its only building: Not yet answered Points out of 3.00 Building A/D Book Value S500,000 (320,000) S180,000 Flag question The fair value at 12/31/17 was $360,000. No revaluation was recorded in prior years. The Proportional Revaluation method is used. What is the effect of the revaluation adjustment on the 12/31/17 Accumulated Depreciation account and the 12/31/17 Total Stockholders' Equity, respectively? Select one: O a. $180,000, $360,000 O b. $360,000, $180,000 O c. $180,000, $320,000 d. $320,000, $180,000 O e. $360,000, $360,000