Crane Group uses revaluation accounting for a class of equipment it uses in its golf club refurbishing business. The equipment was purchased on January 2, 2022, for 400,000; it has a 10-year useful life with no residual value. Crane has the following information related to the equipment. (Assume that estimated useful life and residual value do not change during the periods presented below.) The Company uses straight-line depreciation.

Date		Fair Value
January 2, 2022		400,000
December 31, 2022		374,400
December 31, 2023		304,000
December 31, 2024		284,000

A) Determine the amounts to be reported by Crane at December 31, 2023 and 2024, as Equipment, Other Comprehensive Income, Depreciation Expense, Impairment Loss, and Accumulated Other Comprehensive Income. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

		Dec. 31, 2023		Dec. 31, 2024
Equipment		enter an euro amount		enter an euro amount
Other Comprehensive Income		enter an euro amount		enter an euro amount
Depreciation Expense		enter an euro amount		enter an euro amount
Impairment (Loss)/Recovery		enter an euro amount		enter an euro amount
Accumulated Other Comprehensive Income		enter an euro amount		enter an euro amount

B) Prepare the entry for any revaluation adjustments at dec 31 2023 and 2024.

C) Prepare the entries for the sale of the equipment by Pavernik on january 2, 2025 for 330000.

Please need help with expainations. Thanks in advance