At 1 April 20X8 Swizzle had a property in its financial statements that had originally cost $37.5 million (land $13 million, buildings $24,5 million), and now had accumulated buildings depreciation of $10 million.

On 1 April 20X8, the directors decided to revalue the land and buildings for the first time, and accepted the report of an independent surveyor who valued the land at $16 million and the buildings at $29.5 million on that date.

The remaining life of the buildings at 1 April 20X8 was 12 years. The revaluation surplus is transferred to retained earnings on a straight line base over remaining life time of building and in full at disposal date for land.

Fill in the blanks:

1. The revaluation surplus in relation to land is _____________ and in relation to buildings is ______________.

2. The depreciation charge for the year ended 31 March 20X9 is _________________________________.

3. The revaluation surplus recognized in Statement of Comprehensive Income is ___________________.

4. The revaluation surplus recognised in retained earnings for the year ended 31 March 20X9 is_________________.