Toy Ltd has the following land and buildings in its accounts as at 30 June 2018:

$'000

Land in Wellington, at cost 100

Land in Auckland, at valuation 2015 2000

Buildings on land in Auckland, at valuation 2015 1000

Accumulated depreciation (150)

At 30 June 2018, the balance of the revaluation surplus is $800000, of which $700000 relates to the land in Auckland and $50000 relates to the buildings( the balance to other PPE assets). An independent valuation carried out on this day determined the following fair value: land in Wellington $1 500 000, land in Auckland $2 400 000, buildings $750 000. The estimated remaining useful life of the buildings is 15 years with nil residual.

a) Record all entries relating to the revaluation of the assets on 30 June 2018

b) Record the depreciation for the year ended 30 June 2019