At the end of 20X3, Tahrir Entity (TE) is revaluing to fair value a piece of equipment with a carrying value of $10,000 (original cost of $15,000 less accumulated depreciation of $5,000). TE determines that the fair value of the equipment as of December 31, 20X3 is $12,000. Give the journal entries to record the revaluation under both methods of accounting for accumulated depreciation.