None of the above 6. How much depreciation will be recognizing c Company? A. 250,000 B. 1,000,000 C. 500,000 D. None of the above g on December 31,2022 on the book of the Answer question number 7-10 based on the following information. Rimey Company purchases equipment for Br. 3,000,000 life of five years, is depreciated using the straight-line method of depreciation, and its on January 1, 2020. The equipment has a useful residual value is zero. The Company chooses to revalue its equipment and fair value of equipment at December 31, 2020, is Br.2, 250,000 and at December 31, 2021 Br. 1,710,000 7. To report the equipment at fair value on December 31, 2020, ABC does: A. Reduces the Accumulated Depreciation-Equipment account by Br.600,000 B. Records an Unrealized Gain on Revaluation-Equipment Br. 150,000 C. Records an Unrealized Loss on Revaluation-Equipment Br. 250,000 D. Reduces the Equipment account by Br.75,000-it then is reported at its fair value of Br.2,400,000 E. None of the above 8. To report the equipment at fair value on December 31, 2021, ABC does: A. Reduces the Accumulated Depreciation-Equipment account by Br.600,000 B. Reduces the Equipment account by Br.750,000-it then is reported at its fair value of Br.2,250,000 C. Records an Unrealized Gain on Revaluation-Equipment Br. 210,000 D. Records an Unrealized Gains on Revaluation-Equipment Br. 22,500 E. None of the above 9. Depreciation expense on December 31, 2021 is: A. Br. 600,000 B. Br. 350,000 C. Br. 570,000