Entity A acquires equipment on 1/1/20x1, Information on costs is as follows:

Purchase price, gross of 10,000 trade discount 800,000

Non-refundable purchase taxes 20,000

Delivery and handling costs 40,000

Installation costs 30,000

Present value of decommissioning and restoration costs 10,000

Assume the equipment has a useful life of 10 years and a residual value of 90,000. Entity A uses the straight line method of depreciation. OnDecember 31, 20x2, Entity A revalues the equipment at a fair value of 820,000. There is no change in the residual value and the remaining useful life of the asset. How much are the revaluation surplus on December 31, 20x2 and revised depreciation expense in 20x3 and in subsequent periods, respectively?

a. Revaluation surplus- 92,000 ; Revised annual depreciation 92,150

b. Answer not given

c. Revaluation surplus- 89,000 ; Revised annual depreciation 91,050

d. Revaluation surplus- 83,000 ; Revised annual depreciation 90,250

e. Revaluation surplus- 90,000 ; Revised annual depreciation 91,250