Simpson Company applies revaluation accounting to plant assets with a carrying value of $800,000, a useful life of 4 years, and no salvage value. Depreciation is calculated on the straight-line basis. At the end of year 1, independent appraisers determine that the asset has a fair value of $750,000.

The journal entry to record depreciation for year one will include a

		A. debit to Accumulated Depreciation for $200,000.
		B. debit to Depreciation Expense for $50,000.
		C. credit to Accumulated Depreciation for $50,000.
		D. debit to Depreciation Expense for $200,000.