1. Prepare journal entries to reflect the revaluation of the assets and the subsequent depreciation of the revalued asset. 2. Which of the equity accounts would be affected directly or indirectly by t 1. Prepare journal entries to reflect the revaluation of the assets and the subsequent depreciation of the revalued asset. 2. Which of the equity accounts would be affected directly or indirectly by the revaluation? Jasna Brothers La Purchases a machine at a cost of 200000 and accumulated depreciation of $25 000. The machine is revolued to $225 000 at the beginning of the year. Depreciation for the year is based on the revalued amount and the remaining will life of 10 years Shareholders equity, before adjusting for the above revaluation and subsequent depreciation, is as follows: 5 Share capital 100 000 Revaluation surplus 45 000 Capital profit reserve 35 000 Retained earnings 70 000 Total 500 000 2.1 Prepare journal entries to reflect the evaluation of the stand the set depreciation of the valued asset 15 marki