In the 31 Dec 2017 annual report of Sun Ltd, the equipment A was reported as follows: Equipment A (at cost) Accumulated Depreciation $ 900 000 (400 000) 7 years Estimated useful life Sun Ltd measure the equipment by the revaluation model. At 31 Dec 2017, Equipment A was revalued to $450,000. Required Prepare the journal entries to revalue the equipment A at 31 Dec 2017, using netting and gross up approach