Simpson applies revaluation accounting to plant assets with a carrying value of $1,600,000,$ a useful life of $4$ years, and zero salvage value. Depreciation is calculated on a straight line basis. At the end of the year, prior to recording depreciation, independent appraisers value the asset at $1,500,000.$ The journal entry to adjust the plant assets to fair value and record revaluation surplus in year one will include $($not the complete entry$)$ a:

A$.$ debit to Depreciation Expense $100,000$ and credit to Accumulated Depreciation for $100,000.$

B$.$ debit to Depreciation Expense for $300,000$ and credit to Revaluation Surplus for $300,000.$

C$.$ debit to Plant Assets for $300,000$ and credit to Accumulated Depreciation for $300,000.$

D$.$ credit to Revaluation Surplus for $300,00$ and credit to Accumulated Depreciation for $100,000$