E9-10 Barton Enterprises purchased equipment on January 1, 2017, at a cost of 350,000. Barton uses the straight-line depreciation method, a 5-year estimated useful life, and no residual value. At the end of 2017, independent appraisers determined that the assets have a fair value of 320,000. Instructions (a) Prepare the journal entry to record 2017 depreciation using the straight-line method. (b) Prepare the journal entry to record the revaluation of the equipment. (c) Prepare the journal entry to record 2018 depreciation, assuming no additional revaluation.