Light Company bought a machine for ₱300,000 on January 1, 20x8. The machine's useful life is 10 years and it is estimated to have a zero residual value and is depreciated using the straight-line method.        The revalued amount of the machine is as follows:          December 31         Fair values of the machine       20x8                      ₱ 360,000           what is the amount of revaluation surplus transferred to retained earnings during 20x9

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