At 31 December 20X4 Q, a limited liability company, owned a building that it had purchased 10 years ago for $800,000. It was being depreciated at 2% per year on the straight line basis. On 1 January 20X5 a revaluation to $1,000,000 was recognised. At this date the building had a remaining useful life of 40 years. What is the depreciation charge for the year ended 31 December 20X5 and the revaluation surplus balance as at 1 January 20X5? A. Depreciation charge for year ended 31 December 20X5 $25,000 Revaluation surplus as at 1 January 20X5 $200,000 B. Depreciation charge for year ended 31 December 20X5 $25,000 Revaluation surplus as at 1 January 20X5 $360,000 C. Depreciation charge for year ended 31 December 20X5 $20,000 Revaluation surplus as at 1 January 20X5 $200,000 D. Depreciation charge for year ended 31 December 20X5 $20,000 Revaluation surplus as at 1 January 20X5 $360,000