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Dower Corporation prepares its financial statements according to IFRS. On March $31,2024,$ the company purchased

equipment for $$432,000$ The equipment is expected to have a six$-$year useful life with no residual value. Dower uses the

straight$-$line depreciation method for all equipment. On December $31,2024,$ the end of the company's fiscal year, Dower

chooses to revalue the equipment to its fair value of $$396,000.$

$4$a$.$ Assume no revaluation surplus exists before this entry. Calculate the revaluation of the equipment assuming that the fair value of

the equipment at the end of $2024$ is $$351,000.$

$4$b$.$ Assume that the farr value of the equipment at the end of $2024$ is $$351\mathrm{.}000.$ Prepare the journal entry to record the revaluation of

the equipment.

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Req$4A$

Assume no revaluation surplus exists before this entry. Calculate the revaluation of the equipment assuming that the fair

value of the equipment at the end of $2024$ is $$351,000.$

Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.