Question
Which of the following is the basic accounting entry for a revaluation decrease of a non-depreciable asset that is not a reversal of an original
Which of the following is the basic accounting entry for a revaluation decrease of a non-depreciable asset that is not a reversal of an original increase?
| A. | DR Revaluation surplus reserve; CR Asset | |
| B. | DR Asset; CR Expense on the revaluation of asset
| |
| C. | DR Asset; CR Revaluation surplus reserve | |
| D. | DR Expense on revaluation of asset; CR Asset |
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
5th edition
978-1259565403
