Leader Limited acquired 100% of the share capital of Follower Limited. The Follower had issued share capital of R100 000, The book values of Follower Limited's assets were: Land R50 000, Equipment R60 000. The fair values of these assets were: Land R90 000, Equipment R70 000. The tax rate is 30%. The net revaluation of the assets is:

Select one:

A. R160 000

B. R35 000
(40 000+ 10 000)x (100%-30%). revaluation amount is
recorded after tax

C. R110 000

D.R100 000