Entity A has identified indications that its plant is impaired. The plant has a carrying amount of P56,000,000. An independent valuer determined the following: P90,000,000 15 years 25 years 20 years...

Entity A’s tax rate is 30%.
How much is the revaluation surplus, net of tax?

Extracted text: Entity A has identified indications that its plant is impaired. The plant has a carrying amount of P56,000,000. An independent valuer determined the following: P90,000,000 15 years 25 years 20 years Replacement cost of the plant • Actual life Effective life Remaining economic life