Smith Inc. wishes to use the revaluation model for the following property. The fair value for the property is $ 150 comma 000. Assuming this is the first year of using the revaluation model, what amount would be booked to profit and loss if Smith chooses to use the elimination method to record the revaluation? Before Revaluation Building Gross Value $120,000 Building Accumulated Depreciation 60,000 Net carrying value $60,000 A. $0 B. $ 60 comma 000 debit C. $ 90 comma 000 credit D. $ 60 comma 000 credit