6. Germs Co. revalued its building with historical cost of P40,000,000 and accumulated depreciation of P10,000,000 to a fair value of P48,000,000. Income tax rate is 30%. Requirements: a. Compute for the revaluation surplus, net of tax. b. Provide the entry to record the revaluation surplus using (1) Proportional method and (2) Elimination method