Question 10 0.5 pts When an item of a plant and machinery was revalued downwards at Group level at the acquisition date and it is now being derecognised in the current financial year, the treatment related to this item includes: Debiting the Revaluation Surplus recognised on consolidation and debiting the loss on sale of the asset after tax o Debiting the loss on sale of the asset after tax and crediting Revaluation Surplus recognised on consolidation at group level Crediting the loss on sale of the asset after tax and debiting Revaluation Surplus recognised on consolidation at group level o Crediting retained earnings b/f and debiting Revaluation Surplus recognised on consolidation at group level