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Saturn Co disposed of a property that had been revalued in an earlier accounting period.The details relating to this property are as follows:How should the property disposal be accounted for in Saturn's financial statements?A Gain on disposal of $15,000 included in profit or loss for the year onlyB Gain on disposal of $30,000 included in profit or loss for the year onlyC Gain on disposal of $15,000 included in profit or loss for the year and revaluationgain of $15,000 included in other comprehensive income for the yearD Gain on disposal of $15,000 included in profit or loss for the year and a transferwithin the statement of changes in equity of $15,000 from revaluation surplus toretained earnings.
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