Assets Liabilities

Two examples of non-current assets are:
1. Land and Buildings: These are long-term assets used for business operations and not intended for sale.
2. Machinery: Equipment used in the production process, which has a useful life extending beyond the current financial year.

Step 1: Concept of revaluation.
Revaluation gains and losses arise when the assets and liabilities of a partnership are revalued at the time of a partner's retirement.
Step 2: Distribution of revaluation gains and losses.
At the time of retirement, revaluation gains and losses are shared by the remaining partners in the ratio of their profit-sharing ratio.
Step 3: Conclusion.
Thus, the correct answer is (A) By the remaining partners. Final Answer: