27. Simpson applies revaluation accounting to plant assets with a carrying value of 1,600,000, a useful life of 4 years, and zero salvage value. Depreciation is calculated on a straight line basis. At the end of the year, prior to recording depreciation, independent appraisers value the asset at 1,500,000. The journal entry to adjust the plant assets to fair value and record revaluation surplus in year one will include (not the complete entry) a:A. debit to Depreciation Expense 100,000 and credit to Accumulated Depreciation for 100,000.B. debit to Depreciation Expense for 300,000 and credit to Revaluation Surplus for 300,000.C. debit to Plant Assets for 300,000 and credit to Accumulated Depreciation for 300,000.D. credit to Revaluation Surplus for 300,00 and credit to Accumulated Depreciation for 100,000.