Bellamy Pty Ltd Enters into a Sale-And-Leaseback Arrangement as Follows

Bellamy Pty Ltd enters into a sale-and-leaseback arrangement as follows:
$$\begin{array} { l l } \text { Carrying amount of asset } & \$ 50000 \\\text { Fair value of asset } & \$ 40000 \\\text { Proceeds from sale of asset } & \$ 44000\end{array}$$
The resulting lease is classified as an operating lease.According to AASB 117,Bellamy should make the following entry(ies) :

A)
$\begin{array}{lrr}\text { Dr Cash at Bank } & \$ 44000 & \\\text { Dr Deferred Loss on Sale } & \$ 6000 & \\\quad \text { Cr. Asset } & & \$ 50000\end{array}$

B)
$\begin{array}{lrr}\text { Dr Cash at Bank } & \$ 44000 & \\\text { Dr Deferred Loss on Sale } & \$ 6000 & \\\quad \text { Cr Asset } & & \$ 50000\end{array}$


C) $$\begin{array} { l r r } \text { Dr Loss on Revaluation } & \$ 6000 & \\\quad \text { Cr Asset } & & \$ 6000 \\\text { Dr Cash at Bank } & \$ 44000 & \\\quad \text { Cr Asset } & & \$ 44000\end{array}$$
D)
$\begin{array}{l}\text { Dr Loss on Revaluation } &\$ 10000 \\\quad \text { Cr Asset }& &\$ 10000 \\\text { Dr Cash at Bank } &\$44000\\\quad \text { Cr Deferred gain on Sale } & &\$44000\\\quad \text { Cr Asset } &&\$40000\end{array}$ .