The carrying amount of ABC 's property at the end of the year amounted to $108,000 On this date the property was revalued and was deemed to have a fair value of $90,000. The balance on the revaluation surplus relating to a previous revaluation gain for this property was $10,000 The entry to record this event would include a a) Loss on revaluation (Debit) $18,000 b) Property (Credit) $108,000 C) Property (Debit) $108,000 d) Revaluation surplus (Debit) $10,000 e) Revaluation surplus (Credit) $10,000