On 30 June 2014, Walters Limited Had an Item of Plant

On 30 June 2014, Walters Limited had an item of plant with an original cost of $140 000 and accumulated depreciation of $56 000. At this date, the fair value of the plant was $100 000. The net effect of the journal entries necessary to record the revaluation of the plant by Walters to fair value on 30 June 2014 in accordance with AASB 116 Property, Plant and Equipment is which of the following? $$\begin{array} { l l l l } \text { Accurmlated depreciation - plarit } & \text { Dr } & 28000 \\\quad \text { Plarit } & \mathrm { Cr } & & 12000 \\\text { Asset revaluation suplus } & \mathrm { Cr } & & 16000 \\\\\text { Plart } & \mathrm { Dr } & 12000 & \\\quad \text { Asset revaluation suplus } & \mathrm { Cr } & & 12000 \\& & & \\\text { Gain on revaluation - OCI } & \mathrm { Dr } & 12000 & \\\text { Asset revaluation surplus } & \mathrm { Cr } & & 12000 \\& & & \\\text { Plart } & \mathrm { Dr } & 12000 & \\\text { Gair on revaluation - OCI } & \mathrm { Dr } & 16000 & \\\text { Accurnulated depreciation - plart } & \mathrm { Cr } & & 28000\end{array}$$