[udoihonor]

@mwills7 I got that one as well.

I credited the assets back to their original cost
Debited depreciation into operating expenses – difference between what acc. dep. would’ve been if there was no revaluation to the acc. dep. at the SFP date after revaluation. Only on the building though as land doesn’t depreciate.
Debited the revaluation surplus the difference to clear it off, ultimately affecting equity.

Adjusted equity, OPEX & the assets accordingly.

Not sure if I did the right thing or not to be honest as it threw me off a little bit but hopefully someone can cross-reference my logic

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