The Balance Sheet of Brown Ltd at 31 December 2012 $\begin{array}{ll}&\$\\\text { Plant } & 50,000 \\\text { Accumulated Depreciation-Plant } & 30,000\\&20,000\end{array}$

The balance sheet of Brown Ltd at 31 December 2012 shows the following: $\begin{array}{ll}&\$\\\text { Plant } & 50,000 \\\text { Accumulated Depreciation-Plant } & 30,000\\&20,000\end{array}$ On 1 January 2013,based on a valuer's estimate of fair value,it was decided to revalue the plant to $35 000.The plant was then assessed to have a further useful life of 3 years and an expected residual amount of $5000.The journal entry in the books of Brown Ltd to record depreciation on plant on a straight-line basis for the half-year ending 30 June 2013 balance date)is: a. Depreciation Expense-Plant $\quad$ 10,000
$\quad$ Accumulated Depreciation-Plant $\quad$ 10,000
b. Depreciation Expense-Plant $\quad$ 5,000
$\quad$ Accumulated Depreciation-Plant $\quad$ 5,000
c. Accumulated Depreciation-Plant $\quad$ 5,000
$\quad$ Depreciation Expense-Plant $\quad$ 5,000
d. Depreciation Expense-Plant $\quad$ 7,500
$\quad$ Accumulated Depreciation-Plant $\quad$ 7,500