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S Ltd acquired a piece of land in 20x1 for $100 million

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S Ltd acquired a piece of land in 20x1 for $100 million. The land was correctly accounted for as "Property, plant and equipment". In December 20x4, the land was revalued to $130 million. When P Ltd acquired 80% of S Ltd in May 20x5, the land was deemed to have a market value of $140 million. In December 20x6, the land was revalued to $160 million. In December 20x8, the land was further revalued to $180 million. P Ltd did not have any "property, plant and equipment" and "revaluation reserve". The group policy was to carry the land at the revalued amount. The "Revaluation reserve" in the consolidated statement of financial position as at 31 December 20x8 should be:
-$40 million.
-None of the listed choices.
-$64 million.
-$80 million.
-$50 million.