Dower Corporation prepares Its financial statements according to IFRS. On March 31, 2018, the company purchased equlpment for $240,000. The equipment Is expected to have a slx-year useful life with no residual value. Dower uses the stralght-line depreciation method for all equipment. On December 31, 2018, the end of the company's fiscal year, Dower chooses to revalue the equipment to lts falr value of $224,000. Required 1. Calculate depreclation for 2018 2a. Calculate the revaluation of the equlpment. 2b. Prepare the Journal entry to record the revaluation of the equipment. 3. Calculate depreclation for 2019. 4a. Calculate the revaluation of the equipment assuming that the falr value of the equipment at the end of 2018 Is $163,000 4b. Assume that the falr value of the equipment at the end of 2018 Is $163,000. Prepare the Journal entry to record the revaluation of the equipment. Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Req 3 Req 4A Req 4B Calculate the revaluation of the equipment. (Do not round your intermediate calculations. Round your final answers to nearest whole number.) Before Revaluation After Revaluation Equipment Accumulated depreciation Book value Req 1