Question: - Should depreciation be recorded on a building for a year in which the market value of the building has increased? Discuss. - With proper

- Should depreciation be recorded on a building for a year in which the market value of the building has increased? Discuss.

- With proper maintenance, certain equipment will last almost indefinitely, in which case depreciation is not necessary. Discuss.

- Discuss whether and how a company should account for a revaluation increase and a revaluation decrease on property, plant and equipment. Discuss also the accounting treatment if such an increase or decrease is reversed.

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