Use the Following Information to Answer the Next Two Questions

Multiple Choice

Use the following information to answer the next two questions.
Franco Company uses IFRS and owns property, plant and equipment with a historical cost of 5,000,000 euros. At December 31, 2013, the company reported a valuation reserve of
8,565,000 euros. At December 31, 2014, the property, plant and equipment was appraised at
5,525,000 euros.
-The valuation reserve at December 31, 2014 will be reported at

A) 8,040,000 euros on the Statement of Stockholders' Equity.
B) 8,565,000 euros in the Assets section of the Statement of Financial Position
C) 9,090,000 euros in the equity section of the Statement of Financial Position.
D) 525,000 euros on the Income Statement.