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QUESTION 9 O A. Dr Building On 1 January 2016, Shakira Ltd purchased a building that had an estimated useful life of eight years with no disposal value at $200,000. Shakira Ltd used the revaluation model to subsequently measure the building and straight-line method for depreciation. For the financial year ended on 31 December 2017 and 2018, the fair values assessed by the management of Shakira Ltd were $156,000 and $120,000, respectively. Shakira Ltd complied with AASB 116 'Property, plant and Equipment and used net method to record revaluations. Assuming depreciation expense for the financial period ended on 31 December 2017 had been recorded, which of the following is the most appropriate journal entry to record the revaluation effect on 31 December 2017? $6,000 Cr Revaluation Surplus $6,000 OB. Dr Accumulated Depreciation $50,000 Cr Building $44,000 Cr Revaluation Surplus $6,000 O c. Dr Revaluation Expense $44,000 Cr Building $44,000 OD.Dr Accumulated Depreciation $25,000 Dr Revaluation Expense $19,000 Cr Building $44,000 OE. Dr Building $26,000 Cr Revaluation Income $20,000 Cr Revaluation Surplus $6,000