At the beginning of the year, the balance of the deferred tax asset of MINT Company is P290,000. During the year, the following transactions happened:

- Reversal of future deductible amount (other than NOLCO or excess MCIT credits), P200,000.

- NOLCO utilized against current taxable profit, P100,000

- Excess MCIT credits against its current tax liability, P50,000

At the end of the year, the balance of the deferred tax asset is P440,000. Tax rate is 30% for current and future periods. Lastly, there were no deferred tax liabilities at the beginning or the end of the year and all deferred tax assets are fully realizable. How much is the deferred tax benefit for 2020?