2. Eden Motel inc owns a motel that had purchased Jan 1, 2017 for 1.5 million cash and accounted for in a separate account called structures. The company is using revaluation model to account for its structure and revaluation then annually. Eden uses straight line depreciation over the asset 15 year life. The asset fair value was equal to it is book value on Dec,31 2017. On Dec 31, 2018 the fair value was 1,450,000.

Require

Assume Eden used asset adjustment (elimination method for revaluation. Prepare all required Journal entry for 2017 and 2018,