Smith Inc Wishes to Use the Revaluation Model for This

Multiple Choice

Smith Inc wishes to use the revaluation model for this property:

The fair value for the property is $150,000.Using straight-line depreciation and assuming that the property has a remaining depreciable life of 5 years,how much would be booked to accumulated depreciation in the year subsequent to the revaluation?

A) $12,000 debit.
B) $12,000 credit.
C) $30,000 credit.
D) $30,000 debit.