On 1/1/2017 ABC Inc. has equipment with cost of $120000 with useful life of 10 years and no salvage value, and the company decide to depreciate it .by using straight line method On 31/12/2020 accumulated depreciation amounted to $48,000. The fair value of the asset is assessed to be $90,000 When the company prepare the entries about this transaction, one of the following accounts will appear *:correctly on 31/12/2020 2 (2 ) Cr. Revaluation surplus 3,000 O Cr. Accumulated depreciation 48,000 Dr. Revaluation surplus 18,000 O 17 Cr. Retained earnings 3,000 O