Esta Company, an IFRS reporter, has opted to revalue land. The land originally cost 2,000,000 on

Question:

Esta Company, an IFRS reporter, has opted to revalue land. The land originally cost € 2,000,000 on January 1. At the end of the year, the land is appraised at € 1,800,000. Determine the amount of gain or loss on the asset revaluation and indicate where to report this information on the consolidated financial statements.