Question 36 Assets of Bef Ltd include a plot of land purchased in 20x0 for $40 000. On 31 December 20x2 Bef Ltd became a subsidiary of Nick Ltd. The land's fair value at the following dates: Answer saved Marked out of 2.00 P Flag question 31 December 20X2 31 December 20X3 31 December 20X6 31 December 20x8 $250,000 $ 270,000 S290,000 $360,000 Bef Ltd applies the cost model. What is the correct consolidation data adjustment entry for 31 December 20X6? Select one: Accounts Land Asset revaluation reserve Credits Debit $ 250,000 250,000 -- Credit $ Debit $ 250,000 0 B Accounts Land Fair value reserve Asset revaluation reserve 210,000 40,000 -- Credit $ OC Accounts Land Fair value reserve Debit $ 250,000 250,000 Credits D. Accounts Land Fair value reserve Debit $ 210,000 210,000