Requlred Informetlon [The following information applies to the questions displayed below.] Dower Corporation prepares its financial statements according to IFRS. On March 31, 2021, the company purchased equipment for $240,000. 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. 2021, the end of the company's fiscal year, Dower chooses to revalue the equipment to its fair value of $228,000. Requlred: 1. Calculate depreciation for 2021 . 2-a. Calculate the revaluation of the equipment. 2-b. Prepare the journal entry to record the revaluation of the equipment. 3. Calculate depreciation for 2022