When Land is revalued

say you have 850,000 land at cost and it is revalued to 750,000 = loss of 100,000

where exactly on the baalnce sheet would you record that and which number do you record?

would the loss off 100,000 be written down as 'revaluation reserve' under equity?

please please help! :)

No.

Land is kept at historical cost.

It would remain at 850,000

You can include a note to the financial statements about the 100,000 loss though.

Oh OK. So even if it has been revalued and has made a loss, you don't record the loss? :confused: Will that affect the accounts balancing?

by the way I'm doing this in uk not america or canada