A company ends its financial year on 30 April. It buys a factory in May 2014 for $200\,000$. The factory is to be depreciated over $20$ years. A full year’s depreciation is charged in the year of acquisition. In May 2017 the factory is revalued to $300\,000$. How much should be transferred to the revaluation reserve account?
- A$100\,000$
- B$120\,000$
- C$130\,000$
- D$140\,000$