revalued to $900,000. Kalox Co does not transfer excess depreciation annually from the revaluation surplus to retained earnings. On 31 December 206 the property was revalued downward to $600,000. Residual values were considered to be nil throughout and there were no revisions to the estimated useful life. How should the charge for the revaluation decrease be accounted for in the financlal statements for the year ended 31 December 206 ? Profit or loss $100,000; Other comprehensive income $180,000 Profit or loss $102,000; Other comprehensive income $180,000 Profit or loss $300.000; Other comprehensive income \$nil Profit or loss $120,000; Other comprehensive income $180,000