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Radar Co has accounted for the revaluation of buildings in its financial statements for theyear ended 31 December 20X4. The increase in carrying amount of the property was$50,000, with a depreciation charge for the year of $13,000. Radar Co accounts for excessdepreciation and this has been calculated at $2,000.For each of the following items, state where in the statement of profit or loss and othercomprehensive income each item would be included, or if it would be omitted completelyfrom that statement.A Profit or lossB Other comprehensive incomeC Omitted from the statement of profit or loss and other comprehensive incomeChoice: A, B or CExcess depreciationIncrease in carrying amount of the propertyDepreciation charge
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