Sterling Company Wishes to Revalue Some Equipment with an Original

Multiple Choice

Sterling Company wishes to revalue some equipment with an original cost of $200 000 and accumulated depreciation of $30 000.The equipment now has a fair value of $100 000.What revaluation will be recorded?

A) a decrement of $100 000
B) a decrement of $30 000
C) an increment of $100 000
D) a decrement of $70 000