Under AASB 116,the Net Method of Treating Accumulated Depreciation When

Under AASB 116,the net method of treating accumulated depreciation when assets are re-valued requires:

A) accumulated depreciation to be increased by the same proportion as the gross carrying amount of the asset, so the carrying amount of the asset represents its re-valued amount
B) accumulated depreciation to be closed to the asset account before re-valuation
C) accumulated depreciation to be written back to net profit on the date of re-valuation
D) accumulated depreciation to be ignored at re-valuation