问题如下:
In year 2008, Joe Corp. bought a truck at $25,000. At the end of year 2009, the fair value of the truck was $22,000. If the truck's fair value is $26,000 in 2010, how much is recognized in Joe's income statement using the revaluation method at the end of year 2010?
选项:
A. 0.
B. $3,000.
C. $4,000.
解释:
B is correct.
Revaluation method is used in this question.
In 2009, the loss=$25,000-22,000=$3,000 was recognized in net income.
In 2010, the recovery of $3,000 is recognized in income statement, and the gain=$26,000-25,000=$1,000 is recognized as surplus in shareholders' equity.
老师问下 cost model和revaluation model的区别 我的理解是cost model不能回转 而revaluationmodel可以回转 但不能超过初始价值 这样理解对吗 我看了评论说 两个模型都能回转 只不过cost不能回转到超过初始价值 而revaluation可以超过初始价值 不是这样的吧