A partial statsment of financial position of Crane Ltdi on December 31, 2022, showed the following property, plarti, and equignime assets accounted for under the cost model (accumulated depreciation includes depreciation foc 2022 . Crane uses straight-fine depreciation for its building (remaining useful life of 20 years, no residual value) and for its equigment (remaining useful life of 8 years, no residual value), Crane applies IFRS and has ifecided to adopt the revaluation model for its bulising and equipment, effective December 31, 2022. On this date, an independent appraiser assessed the fair value of the thalding to be $148,000 and that of the equipment to be $108,000 28. Your answer is incorrect. Prepare the necessary general journal entries, if any, to revalue the building and the equipment as at December 31,2022 , vsing the asset adjustment method. (Credit account titles ane automaticolly indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter of for the amounts. List all debit entrist before credit entries)