Hendersons Ltd Has Just Begun to Revalue Its Plant and Equipment.The

Hendersons Ltd has just begun to revalue its plant and equipment.The following information about the items included in this class of non-current assets shows their carrying value,and most recent revaluation.
$$\begin{array} { | l | r | r | r | } \hline { \text { Item } } & \text { Cost } & \begin{array} { c } \text { Accumulated } \\\text { depreciation }\end{array} & \begin{array} { c } \text { Fair value as at 31 } \\\text { December 2002 }\end{array} \\\hline \text { Lathe } & 34000 & 6700 & 25000 \\\hline \text { Grinder } & 12000 & 1400 & 12000 \\\hline \text { Stamp machine date? } & 65000 & 14000 & 60000 \\\hline\end{array}$$
What is/are the appropriate journal entry(ies) to record the revaluations using the net method?

A)
$$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation -grinder } & 1400 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \\\hline \mathrm { Cr } & \text { Lathe } & & 6700 \\\hline \mathrm { Cr } & \text { Grinder } & & 1400 \\\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Grinder } & 1400 & \\\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \\\hline \mathrm { Cr } & \text { Lathe } & & 2300 \\\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 8100 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Loss on revaluation } & 14000 & \\\hline \mathrm { Cr } & \text { Stamp machine } & & 5000 \\\hline \mathrm { Cr } & \text { Lathe } & & 9000 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Accumulated depreciation- lathe } & 6700 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation- grinder } & 1400 & \\\hline \mathrm { Dr } & \text { Accumulated depreciation -stamp machine } & 14000 & \\\hline \mathrm { Cr } & \text { Lathe } & & 6700 \\\hline \mathrm { Cr } & \text { Grinder } & & 1400 \\\hline \mathrm { Cr } & \text { Stamp machine } & & 14000 \\\hline & & & \\\hline \mathrm { Dr } & \text { Grinder } & 1400 & \\\hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \\\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \\\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \\\hline \mathrm { Cr } & \text { Lathe } & & 2300 \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | r | r | } \hline \mathrm { Dr } & \text { Stamp machine } & 9000 & \\\hline \mathrm { Dr } & \text { Grinder } & 1400 & \\\hline \mathrm { Cr } & \text { Asset revaluation reserve } & & 10400 \\\hline & & & \\\hline \mathrm { Dr } & \text { Loss on revaluation } & 2300 & \\\hline \mathrm { Cr } & \text { Lathe } & & 2300 \\\hline\end{array}$$