An analyst gathers the following information (in $ millions) about a company's land reported under the revaluation model: | Original cost | 12 | |-----------------------------------|--------| | Fair market value at initial revaluation on 31 December Year 1 | 17 | | Fair market value at second revaluation on 31 December Year 2 | 12 | As a result of the second revaluation, the company recognizes in Year 2: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz