Chartered Financial Analyst Level 1
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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:
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:
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