Buzz Ltd (Buzz) has a policy of revaluing its property, plant and equipment on an annual basis. A plant costs 5 million on 1 January 2017, has a useful life of 5 years and is depreciated on a straight-line basis to a residual value of 0.2 million. The market value of the plant on 31 December 2017 was 3.8 million. On 31 December 2018, the market value of the plant was 3.5 million. The residual value remains the same after each revaluation on 31 December 2017 and 31 December 2018, respectively. Buzz opts for transfer from revaluation reserve to retained earnings upon derecognition of the plant. In accordance with IAS 16 Property, Plant and Equipment, the appropriate accounting entry for the year ended 31 December 2018 of Buzz would be?

Select one: a. Depreciation 0.9 million to profit or loss, rise in value of 0.24 million to reversal of revaluation deficit and 0.36 million to create revaluation surplus b. Depreciation 0.9 million to profit or loss, rise in value of 0.6 million to reversal of revaluation deficit c. Depreciation 0.96 million to profit or loss, rise in value of 0.24 million to reversal of revaluation deficit and 0.36 million to other comprehensive income d. Depreciation 0.96 million to profit or loss, rise in value of 0.6 million to profit or loss