APIC College has recently revalued its building from $10 million to $20 million. Please advice your college that how to record this increase in the value of building. Should APIC College record this...

APIC College has recently revalued its building from $10 million to $20 million. Please advice your college that how to record this increase in the value of building. Should APIC College record this increase in the income statement or other comprehensive income or under equity in the balance sheet.