Moving to another question will save this response. Question 6 of 10 Question 6 0.5 points Sot Answer An entity has a policy of revaluing its PPE An asset cost $15m on 1 January 2008, has a useful life of 15 years and is depreciated on a straight-line basis to a zero residual value. The value of the asset at 31 December 2008 was $14.5m. At 31 December 2009, the market value of the asset was $12.5m. The accounting entry at 31 December 2009 would be Depreciation S1m to income statement, fall in value of $0 96m to the income statement Depreciation $1m to income statement, fall in value of 0.5m charged to revaluation reserve and 50 sm to the income statement income statement Depreciation $1.04m to income statement, fall in value of $0.5m charged to revaluation reserve and 50.45m Depreciation $1.04m to income statement, fall in value of $0.96m charged to revaluation reserve Question 6 of 10