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  3. 20. chien bleu ltd. purchased a building in 2009 f

20. Chien Bleu Ltd. purchased a building in 2009 for 10,000,000 and as of December...

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20. Chien Bleu Ltd. purchased a building in 2009 for 10,000,000 and as of December 31, 2015 had recorded accumulated depreciation on the building of 3,000,000. On December 31, 2015, the company conducted its first revaluation when the fair value was 12.000.000. According to IAS 16, what account should be credited for 5,000,000? A. Loss on Revaluation Building B. Gain From Revaluation of Building C. Revaluation Surplus Building D. Revaluation Revenue-Building

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