Clarke Inc. owns a tractor trailer with the following data at December 31, 2015: $ $ $ 760,000 240,000 Cost Accumulated Depreciation Residual value Remaining useful life Fair value - December 31, 2015 Fair value - December 31, 2018 Fair value - December 31, 2020 18 years 540,000 $ $ $ 365,000 325,000 Instructions: Assuming the company uses the revaluation model for dealing with its vehicles provide all necessary entries at the following dates and situations. (Show all calculations) a) December 31, 2015. Assume all depreciation has already been recorded. b) The depreciation entry at December 31, 2016 (depreciation for the year). c) December 31, 2018. Assume all depreciation has already been recorded. a) December 31, 2015. Assume all depreciation has already been recorded. Date Description Dr Cr Shaun alculations baro. b) The depreciation entry at December 31, 2016 (depreciation for the year). Date Description Dr Cr Show calculations here: c) December 31, 2018. Assume all depreciation has already been recorded. Date Description Dr Cr c) December 31, 2018. Assume all depreciation has already been recorded. Date Description Dr Cr Show calculations here