A partial statement of financial position of Sheridan Ltd. on December 31,2022, showed the following property, plant, and equipment assets accounted for under the cost model (accumulated depreciation includes depreciation for 2022): Buildings Less: Accumulated depreciation Equipment Less: Accumulated depreciation $327,000 Sheridan uses straight-line depreciation for its building (remaining useful life of 20 years, no residual value) and for its equipment (remaining useful life of 8 years, no residual value). Sheridan applies IFRS and has decided to adopt the revaluation model for its building and equipment, effective December 31,2022. On this date, an independent appraiser assessed the fair value of the building to be $143,000 and that of the equipment to be