Overseas property

Bubble wished to expand its overseas operations and on 1 May 20X5 acquired an overseas property with a fair value of 58.5 million dinars. In exchange for the building, Bubble paid the supplier with land which Bubble had held but for which it had yet to determine its use. The carrying amount of the land was $5 million but it had an open market value of $7 million. Bubble was unsure as to how to deal with this transaction and so has transferred $5 million from investment properties to property, plant and equipment. The transaction has commercial substance. In the answer ,they've given that the correcting entry is Dr PPE $2m Cr P/L $2m But I was thinking that Since a wrong entry was passed which is DrPPE 5m Cr Inv property 5m THe correcting entry should be Dr Inv property 5m Cr Ppe 5m and then another entry to bring the asset to fair value Dr inv 2 Cr p/l 2 Please help me regarding this.