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Inquest Mining Company acquired Plant & Equipment for $4.000.000 on January 1, 2017 by paying cash on the same day. The measurement of the value

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Inquest Mining Company acquired Plant & Equipment for $4.000.000 on January 1, 2017 by paying cash on the same day. The measurement of the value of the plant is done according to the revaluation model after recognition. Revaluations are carried out on an annual basis and changes as follows: December 31, 2017 54.400.000 December 11, 2018 53.700.000 December 31, 2019 $4,600.000 Required: Prepare any necessary entries in Ingest Mining Company's financial statements as onanuary 1, 2017 and entries on December 31, 2017, 2018 and 2019 ore deferred tas Selected Answer 11 2017.Dec. 31,2017,2018,2019

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