< > Apple iCloud G Student | Growmorelearn WP Homework 1 Homework 1 education.wiley.com + O Bing Google Wikipedia Facebook Twitter LinkedIn The Weather Channel Yelp TripAdvisor Dropbox - Grou...ify your life C https://www.chegg.com/homework-help/... WP Question 7 of 9 - Homework 1 G how to capture screen on mac - Go... Question 7 of 9 View Policies Show Attempt History < > Current Attempt in Progress 4.5 / 6 At the end of its first year of operations, Metlock Industries chose to use the revaluation framework allowed under IFRS. Metlock's ledger shows Equipment 550,000 and Accumulated Depreciation-Equipment 62,000. Prepare journal entries to record the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Independent appraisers determine that the plant assets have a fair value of 527,000. (b) Independent appraisers determine that the plant assets have a fair value of 466,000. No. Account Titles and Explanation (a) Accumulated Depreciation-Equipment (b) Equipment (To adjust the equipment to its fair value) Debit 62000 Credit 62000 SUPPORT