On December 31, 20x1, SWIMMY UNSTEADY Co. determined the following Information for the purpose of revaluing Its bullding: Historical cost 80,000,000; Initial estimate of useful life 25; Actual life 10: Replacement cost 140,000,000: Effective life 8; Remaining economic life 17: Income tax rate 30%. If SWIMMY UNSTEADY Co. uses the proportional method of recording, the entry to record the revaluation would include which of the following?* a debit to accumulated depreciation of P32,000,000. a credit to accumulated depreciation of P12,800,000. O a credit to building of P15,200,000. a debit to deferred tax of P14,160,000