Connors Ltd adopts the revaluation model for its plant and machinery. The company acquires one item of plant for 40,000 on 1 January 20X2. The plant is depreciated on a straight-line basis over its useful economic life, which is estimated to be ten years. On 1 January 20x5 the company revaluates the plant at its fair value of 32,000. At 1 January 20x5 the company will have: Select one accumulated depreciation 8,000 revaluation surplus 2,000 Ob accumulated depreciation 12,000 revaluation surplus 4,000 Oc accumulated depreciation 12.000 revaluation surplus 2,000 od accumulated depreciation 8.000 revaluation surplus 4,000