An investment property with a useful life of 10 years was purchased by Akorn on 1 January 20X9 for $200,000. By 31 December 20X9 the fair value of the property had risen to $300,000. Akorn measures its investment properties under the fair value model.

What values would go through the statement of profit or loss in the year?

A Gain: $100,000 and Depreciation $30,000

B Gain: $0 and Depreciation of $30,000

C Gain: $100,000 and Depreciation of 0

D Gain: $120,000 and Depreciation of $20,000