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Under the revaluation option in IFRS, if an asset's fair value is higher than its book value, the difference is reported as a surplus in

Under the revaluation option in IFRS, if an asset's fair value is higher than its book value, the difference is reported as a surplus in ______; and, if its book value is higher than fair value, the difference is reported as an expense in______. 


other comprehensive income; other comprehensive income 


other comprehensive income; net income


 net income; other comprehensive income


 net income; net income

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