Triangle Limited purchased a building in January 2015 for 300,000. In
January 2019 it received a professional valuation which valued the building
at 500,000. The directors of the company decided to account for buildings
on the revaluation basis for 2019 onwards.
Triangle Limited depreciates buildings on a straight-line basis over 50 years,
and accounts for revaluations using the elimination method.
Which of the following correctly reflect the accounting entries related to
the revaluation of the building in January 2019?
The company prepares its accounts to 31 December each year.

	a.	Dr Profit on revaluation of building 200,000 Cr Revaluation Reserve 200,000
	b.	dr Building cost a/c 200,000 dr Building accumulated depreciation a/c 24,000 cr Revaluation reserve 224,000
	c.	Dr Revaluation reserve 224,000 Cr Building cost a/c 224,000
	d.	Dr Building cost a/c 200,000 Cr Revaluation reserve 200,000