Suppose that a company has 2 buildings, one for investment (A) and one for administrative (B) purposes. Both properties have an initial cost of 1.000.000 TL. The company does not use the cost model and both properties have 10 years

Suppose that a company has 2 buildings, one for investment (A) and one for administrative (B) purposes. Both properties have an initial cost of 1.000.000 TL. The company does not use the cost model and both properties have 10 years of useful lives. A is revalued one year later and the revalued amount is 900.000 TL. B is also revalued one year later and the revalued amount is 1.200.000 TL. After the revaluation the company immediately sells A at 950.000 TL and sells B at 800.000 TL. What is the profit/loss amount in the income statement for all of the transactions above?

1. 50.000 loss
2. 250.000 loss
3. 100.000 profit
4. 150.000 profit

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