At 31 December 20 15 Q, a limited liability company, owned a building that had cost $800,000 on 1 January 2006 . It was being depreciated at two per cent per year. On 31 December 20 15 a revaluation to $1,000,000 was recognised. At this date the building had a remaining useful life of 40 years. Which of the following pairs of figures correctly reflects the effects of the revaluation?
A.
Depreciation charge Revaluation reserve for year ended 31 December 20 16 as at 31 December 20 15 $ $ 25,000 200,000
B.
Depreciation charge Revaluation reserve for year ended 31 December 20 16 as at 31 December 20 15 $ $ 25,000 360,000
C.
Depreciation charge Revaluation reserve for year ended 31 December 20 16 as at 31 December 20 15 $ $ 20,000 200,000
D.
Depreciation charge Revaluation reserve for year ended 31 December 20 16 as at 31 December 20 15 $ $ 20,000 360,000