问答题 ABC Co purchased a building for $900,000 On 1 January 20X2 (of which land cost $400,000) with an expected useful life of 50 years. Depreciation is charged on a straight line basis On 1 January 20X5, the land and buildings were revalued to $1,800,000 (including land of $600,000).
How much should be recorded in the revaluation reserve at 1 January 20X5 in respect of the land and building? ______

A、 $930,000
B、 $560,000
C、 $680,000
D、 $750,000

【正确答案】 A

【答案解析】[考点] Recording transactions and events-Non-current asset-IAS 16 property, plant and equipment-Subsequent measurement-Revaluation model [难易度] 中 land has an unlimited useful life and therefore is not depreciated. Land Building Total Cost @1 Jan 20X2 $400,000 $500,000 $900,000 Depreciation from 20X2—20X5 N/A ($30.000) Carrying amount @1 Jan 20X5 $400,000 $470,000 Revalued amount $600,000 $1200,000 $1,800,000 Revaluation surplus $200,000 $730,000 $930,000