Lindy Ltd Acquired an Investment Property for Cash on 1 $$\$ 500000$$

Lindy Ltd acquired an investment property for cash on 1 January 20X0 at a cost of $1 500 000.Its fair value on 31 December 20X0 was $2 000 000.What accounting entry would be made under AASB 140 on 31 December 20X0 if Lindy Ltd had elected to use the fair value model for the property?

A) Dr investment property $500 000, cr gain from increase in fair value of investment property $$\$ 500000$$
B) Dr investment property $500 000, cr revaluation reserve $500 000
C) Dr investment property $500 000, cr accumulated depreciation $500 000
D) None of the above