Question $23$ of $25$

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Sunland Inc. owns assets to which it applies the revaluation model $($asset$-$adjustment method$).$ The following additional information is available:

The depreciation expense for $2024$ was $$6480.$

Between December $31,2023,$ and December $31,2024,$ the property's fair value had increased by $$32400.$

The December $31,2024,$ balance in the revaluation surplus account $($prior to any fair value adjustments$)$ was $$2160.$

The adjusted December $31,2024,$ in the revaluation surplus account will be

$$0.$

$$34560.$

$$41040.$

$$28080.$