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A company prepares its financial statements according to intemational Financial Reporting Standards (iFR5). At the end of its 2024 fiscal yeaf, the company chooses to

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A company prepares its financial statements according to intemational Financial Reporting Standards (iFR5). At the end of its 2024 fiscal yeaf, the company chooses to revalue its equipment. The equipment cost $581,000, had accumulated depreciation of $255.000 ot the end of the year aftes recording annual depreclation, and had a fair value of $345,000. After the revaluation, the accumulated depreciation account will have a balance of: Note: Do not round intermediate calculations. Muitiple Choice $255,000 $269,862 $274,000 None of the other answer choices are correct

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