Entity A has identified indications that its plant is impaired. The plant has a carrying amount of ₱56,000,000. An independent valuer determined the following: • Replacement cost of the plant...

Entity A has identified indications that its plant is impaired. The

plant has a carrying amount of ₱56,000,000. An independent valuer determined the following:
• Replacement cost of the plant      ₱90,000,000
• Actual life     15 years
• Effective life   25 years
• Remaining economic life   20 years

Entity A's tax rate is 30%.

How much is the revaluation surplus, net of tax?