/Pages/ResponsePage.aspx?id=Ks62XIUVNEiFekmoyqxdbwD7PoRwKM9Gv4ORJUUZWENURDHJMEXTTFVPNzZJS0c30 21 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:* DE (2 points) O Cr. Retained earnings 2,000 Dr. Revaluation surplus 18,000 Cr. Accumulated depreciation 60.000 Cr Pevaluation surplus 2.000 22 On December 31, 2019. Rock company had equipment with cost $75,000 and its accumulated depreciation was $15,000, at the same date, the company determined the fair value of this iment with amount of $50.000 and its value in use with amount of $52.000 orized revaluation surlust 20 ABC Company is a ships company who make overall maintenance for its ships every 4 years. On January 1, 2018, the company paid $300,000 as maintenance that includes repair wages and spare parts too. When the company prepare the adjusting entry at end of 2018 one of the following accounts will appear correctly: * S (2 points) O Dr. Maintenance and repairs expense 75,000 O Dr. Maintenance costs - Ships 75,000 Cr. Maintenance costs - Ships 300,000 Cr. Cash 300.000 21 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 nethod On 31/12/2019 accumulated depreciation amounted to $60.000 The fair value of the assets assessed to be $198.000