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 cost value model for the property and depreciation was to be charged at 10% per annum on cost?

A) Dr investment property $500 000, cr accumulated depreciation $500 000
B) Dr depreciation expense $150 000, cr accumulated depreciation $150 000
C) Dr depreciation expense $200 000, cr accumulated depreciation $200 000
D) Dr investment property $500 000, cr gain from increase in fair value of investment property $$\$ 500000$$