Assume the equipment has a useful life of 10 years and a residual 90,000. Entity A uses the straight-line method of depreciation. On December 31, 20x2, Entity A revalues the equipment at a fair value of P820,000. There is no change in the residual value and the remaining useful life of the asset. How much, at revaluation surplus on December 31, 20x2 and revised depreciation expense in 20x3 and in subsequent periods respectively?

What is the Revaluation surplus and Revised annual depreciation?