On 1/1/2017 ABC Inc. has equipment with cost of $240,000 with useful life of 12 years and no salvage value, and the company decide to depreciate it by using straight line method On 31/12/2019 accumulated depreciation amounted to $60,000. The fair value of the .asset is assessed to be $198,000 When the company prepare the entries about this transaction, one of the following accounts will appear correctly on *:13/12/2019 (2) (2 ) Cr. Revaluation surplus 2,000 Cr. Retained earnings 2,000 Cr. Accumulated depreciation 60,000 Dr. Revaluation surplus 18,000