Toy Ltd has the following land and buildings in its accounts a a S June 2015.y Land in Wellington, at cost Land in Auckland, at valuation 2012 Buildings on land in Auckland, at valuation 2012 Accumulated depreciation 8000 100 2000 1000 (150) June 2015, the balance of the Revaluation Surplus is $800000, of which 10000 relates to the land in Auckland and $50000 relates to the buildings (the bal- 5700 nce relates to other PPE assets). An independent valuation carried out on this day termined the following fair values: land in Wellington $1 500 000, land in Auckland $2 40000, buildings $750000. The estimated remaining useful life of the buildings is 5 years with nil residual. Required a Record all entries relating to the revaluation of the assets on 30 June 2015. b) Record the depreciation for the year ended 30 June 2016