Alba plc sold a non-current asset on 7 July 2015 for 200,000. The asset has been bought for 100,000 there years before, on 1st July 2012, when it was estimated to have a life of 10 years. The company uses the revaluation model for this class of asset and, on 1st July 2014, undertook a revaluation At that date the fair value of this individual asset was deemed to be 150,000. The company uses the straight line depreciation method. a Required: Show how the depreciation and profit or loss on disposal is accounted for in the Statement of Profit or loss (Income Statement). Also, how the asset value and reserves are reflected in the SFP (Statement of Financial Position) for the years ended 30 June 2013, 2014, 2015 and 2016. Discuss the impact on relevant accounts throughout your answer. Note: Alba plc chooses not to transfer any excess depreciation on revaluation