Edward Plc buys a new building costing 100m on 1 January 2019 and classifies it as Property, Plant and Equipment. Its depreciation policy is 10% straight line with no residual value. On 31 December 2020 the building is revalued to 110m.

What gain should be recognised to other comprehensive income for the year ended 31 December 2020?

a.

20 million

b.

nil as any gain would go to the Statement of profit or loss

c.

30 million

d.

10 million

Clear my choice