Smith Inc Wishes to Use the Revaluation Model for This

Multiple Choice

Smith Inc wishes to use the revaluation model for this property: $$\begin{array} { | l | r | } \hline & \text { Before Revaluation } \\\hline \text { Building Gross Value } & 120,000 \\\hline \text { Building Accumulated Depreciation } & 60,000 \\\hline \text { Net carrying value } & 60,000 \\\hline\end{array}$$ 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.