Alexander Company uses IFRS and the revaluation model for its equipment. The company uses straight line depreciation and after two years of use revalued the following equipment last year. Purchased the equipment on January 2, 2018 for $1,500,000. Estimated useful life of the equipment is10 years. The equipment's estimated residual value is zero. Revalued the equipment on December 31, 2019 to $1,550,000. One year after the revaluation, for the year ended December 31, 2020 the depreciation entry would include which of the following:

		A debit to Depreciation Expense of $150,000
		A debit to Depreciation Expense of $193,750
		A debit to Depreciation Expense of $171,875