On December 31, 20x1, DECAPITATE BEHEAD Co. decided to lease out under operating lease one of its buildings that was previously used as office space. The building has an original cost of P12,000,000 and accumulated depreciation of P8,000,000 as of January 1, 20x1. Annual depreciation is P400,000. DECAPITATE Co. uses the fair value model for investment property. The fair value of the building on December 31, 20x1 is P6,000,000. The entry to record the transfer of the building to investment property includes a Select the correct response credit to gain on reclassification for P2,000,000 credit to revaluation surplus for P2,400,000 credit to revaluation surplus for P2,000,000 debit to building for P12,000,000