24. At 31 December 20X1 a company has non-current assets with a carrying amount of $120 million. The tax base of these assets is $98 million. At the year-end an asset was revalued resulting in a surplus of $12 million. This is reflected in the carrying amount of non-current assets. The tax rate is 30%. What amount is recognized in the statement of financial position in respect of deferred tax 31 December 20X3