8.21 on 1 January 20x7 a building with a carrying amount of $700,000 was revalued to $750,000, The remaining useful life at that date was 25 years. On 1 January 20x9 the building was sold for $800,000 What profit on disposal of the building will be reported in the statement of profit or loss for the year ended 31 December 20X7? B $110,000 $50,000 $160,000 $156,000 (2 m