the reveluation gain from the land amounted to

1) 4000 000

2) 3000 000

3) 3500 000

4) 3100 000

Trial balance extracts at 30 September 2019 $'000 Land at cost on 30 September 2018 50,000 Plant and equipment at cost 76,600 Accumulated depreciation at 30 September 2018 Plant 24,600 Capitalised development expenditure at 30 September 2018 20,000 Non-current assets - tangible: The land was acquired on the 30 September 2018. The company's policy is to revalue its land at each year end and at 30 September 2019 it was valued at $53 million. On 1 October 2018 an item of plant was disposed of for $2.5 million cash. The proceeds have been treated as sales revenue by the business. The plant is still included in the above trial balance figures at its costo $8 million and accumulated depreciation of $4 million (to the date of disposal). All plant is depreciated at 20% per annum using the reducing balance method. Depreciation and amortisation of all non-current assets is charged to cost of sales. Non-current assets - intangible: In addition to the capitalised development expenditure (of $20 million), further research ar development costs were incurred on a new project which commenced on 1 October 2018. The resear stage of the new project lasted until 31 December 2018 and incurred $1.4 million of costs. From that da the project incurred development costs of $800,000 per month. On 1 April 2019 the directors becar confident that the project would be successful and yield a profit well in excess of its costs. The project still in development at 30 September 2019. Capitalised development expenditure is amortised at 20% per annum using the straight-line method