Which of the Following Statements Is Correct

Multiple Choice

Which of the following statements is correct?

A) A revaluation decrease should occur if a non-current asset's carrying amount is less than its fair value.
B) An initial revaluation decrease should be treated as a debit to the revaluation surplus reserve.
C) An initial revaluation decrease should be treated as a debit against the current period's profit or loss.
D) An initial revaluation decrease should be disclosed in the profit report as a reduction in other comprehensive income.