Can someone please help me with the attached 2 questions related to IFRS? ATTACHMENT PREVIEW Download attachment IFRS.docx Question 12 Not yet answered Question text Before application of the IFRS Revaluation option, the 12/31/17 balance sheet of the Ney Company included its only building: The fair value at 12/31/17 was $360,000. No revaluation was recorded in prior years. The Proportional Revaluation method is used. What is the effect of the revaluation adjustment on the 12/31/17 Accumulated Depreciation account and the 12/31/17 Total Stockholders’ Equity, respectively? Select one: a. $120,000, $80,000 b. $120,000, $20,000 c. $22,500, $40,000 d. $22,500, $80,000 e. $120,000, $40,000 Question 13 Question text Given data for equipment owned by the Greenleaf Company: What is the impairment loss under IFRS? Select one: a. $2,900,000 b. $4,500,000 c. $2,600,000 d. $2,500,000 e. $2,800,000