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Please refer to the photo first. Assume that Swann uses IFRS and sold the truck for $ 1 0 , 1 2 5 . In

Please refer to the photo first. Assume that Swann uses IFRS and sold the truck for $

10, 125 .

In addition, Swann had previously recorded a revaluation surplus related to this machine of $

4, 000 .

depreciation expense of the delivery truck for

2016

the sale of the truck, assuming it sold for $

10, 125

other adjustments related to removing the delivery truck from the books

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