Tiara Ltd has the following assets in its statement of financial position as at 30 June 2022.

$

Plant and equipment, at independent valuation

2 000 000

Less: Accumulated depreciation

400 000

Carrying amount

1 600 000

The plant and equipment originally cost Tiara $600 000 in 2020, but due to market conditions the fair value of the plant and equipment has increased. The directors of Tiara Ltd are concerned about the effects of the higher carrying value on profitsowing to the higher depreciation it is reducing profits. They ask you, the accountant, to reverse the previous revaluation. Being ethical in nature, what would you do?