Orbit Company acquired equipment on January 1, 2015, for $36,000. Orbit elects to value this class of equipment using revaluation accounting as permitted by International Financial Reporting Standard. This equipment is being depreciated on a straight-line basis over its 6-year useful life. There is no residual value at the end of the 6-year period. On December 31, 2015, the fair value of the equipment is determined to be $32,000. After recording depreciation for year 2015, the entry to revalue the equipment would include:

Credit unrealized gain from revaluation by $3,000.

Debit unrealized gain from revaluation by $4,200.

Debit accumulated depreciation by $6,000.

Credit equipment by $10,000.