Question: When the revaluation model is used for reporting plant, property, and equipment, the gain or loss should be included in a. Income for the period.

When the revaluation model is used for reporting plant, property, and equipment, the gain or loss should be included in

a. Income for the period.

b. Gain from revaluation on the income statement.

c. A revaluation surplus account is other comprehensive income.

d. An extraordinary gain or loss on the income statement.

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