On January 1, 2011, ABC Company acquired a building for P5,000,000. The building is depreciated using straight line method based on a useful life of 10 years with no residual value. On January 1, 2015, the building has an appraised value of P4, 800, 000. The 2015 pretax accounting income before depreciation is P9,000,000. The income tax rate is 32% and there are no other temporary differences at the beginning of 2015. 

33) What is the deferred tax liability arising from the revaluation on January 1, 2015?