Question 19 of 20 : Select the best answer for the question. 19. Simon, Inc., prepares its financial statements according to International Financial Reporting Standards. At the end of its 2019 fiscal year, the company chooses to revalue its equipment. The equipment cost $540,000, had accumulated depreciation of $240,000 at the end of the year after recording annual depreciation, and had a fair value of $330,000. After the revaluation, the accumulated depreciation account will have a balance of