Question: Can someone please help me with this question. I'll upvote for a fast response. Strauss Co has an item of land currently carried in its

Can someone please help me with this question. I'll upvote for a fast response.

Strauss Co has an item of land currently carried in its books at $24.000. On 1 January 2017 two years ago a slump in land values led the company to reduce the carrying value from $30,000. This was taken as an expense in SOCI. There has been a surge in land prices in the current year, however, and the land is now worth $40.000 af 1 january 2019. what was the double entry to record the revaluation on 1 January 2017? Select one: a. Dr. Revaluation reserve $6.000 CR. Land $6,000 b. Dr. Land $6000 Cr. Revaluation terve $5,000 c. Dr. Statement of Comprehensive Income (SOC) CR. Land $6,000 d. Dr. Statement of comprehensive Income (SOCI $6.000 Cr Povaluation Reserve $6.000

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