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On April 30, 2020, Doufar Corporation purchased equipment for OR360,000. The equipment is expected to have a six-year useful life with no residual value. Doufar

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On April 30, 2020, Doufar Corporation purchased equipment for OR360,000. The equipment is expected to have a six-year useful life with no residual value. Doufar uses the straight-line depreciation method for all equipment. On December 31, 2020, Doufar were chooses to revalue the equipment to its fair value of OR320,000. Required Depreciation for 2020 would be. OR The Equipment after revaluation would be OR (1 marks) The Accumulated depreciation after revaluation would be:OR (1 marks) The Revaluation surplus after revaluation would be: OR

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