Jordyn Ltd Acquired Land in 20X9 for a Cash Payment $\quad \$ 30000$

Jordyn Ltd acquired land in 20X9 for a cash payment of $240 000.In 2011,Jordyn Ltd revalued that land to $340 000.If the company income tax rate is 30%,the following entry should be made:

A) Dr Land $\quad \$ 30000$
$\mathrm { Cr }$ Deferred Tax Liability $\quad\$ 30000$
B) $\begin{array} { l l l } \text { Dr Revaluation Surplus } & \$ 30000 & \\\text { Cr Deferred Tax Liability } & & \$ 30000\end{array}$
C) Dr Revaluation Reserve $\quad\$ 30000$
$\mathrm { Cr }$ Deferred Tax Asset $\quad\$ 30000$
D) $\text { No entry is required }$