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Monty Enterprises purchased equibment on January 1,2020, at a cost of 6391,000 . Monty uses the straight-line depreciation hove a fair valued es16000. hisented when

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Monty Enterprises purchased equibment on January 1,2020, at a cost of 6391,000 . Monty uses the straight-line depreciation hove a fair valued es16000. hisented when amount is enterest. Do not indent manugly) Prepare the joarnal entry to record the revaluation of the equipment. (CFedit account sitles are ovtomatically indented when amount is entered. Do not indent manually) Prepsere the joumat entry to record 2021 depreciation, assuming no additional revaluation, (Credit account titles are outomotically Indented when amount is entered. Do not indent manualive)

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