Alfabet Ltd. purchased a plot of land on 1 January 201 for 100 million. Alfabet Ltd. has adopted the revaluation model for the land. At 31 December 20X1, the land was valued at 80 million by an external, professional valuer. At 31 December 203, the fair value of the land had increased to 130 million. No revaluation of the asset has occurred between these two dates, as the carrying amount has not differed materially from the amount. What is the appropriate accounting treatment of the revaluation at 31 December 20X3? Select the best response, and then click Submit. 50 million recognized in profit or loss 50 million recognized in other comprehensive income 20 million recognized in profit or loss and 30 million in other comprehensive income 30 million recognized in profit or loss and 20 million in other comprehensive income