Question: Select the best answer to complete the following statement: In the case of property, plant, and equipment carried at a revalued amount, the impairment loss

Select the best answer to complete the following statement: "In the case of property, plant, and equipment carried at a revalued amount, the impairment loss is first taken against Blank______ and then to Blank______." Multiple choice question. assets, revaluation surplus revaluation surplus, assets revaluation surplus, income income, revaluation surplus

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