1. S Company uses IFRS and the revaluation model for its equipment. The company uses straight line depreciation and is revaluing the equipment below. Purchased the equipment on January 2, 2019 for $1,000,000. Estimated useful life of the equipment is10 years. The equipment's estimated residual value is zero. Revalued the equipment on December 31, 2020 to $1,100,000. The revaluation journal entry for December 31, 2020 would include which of the following:

   		A credit to Revaluation Surplus of $100,000
   		A credit to Revaluation Surplus of $200,000
   		A credit to Revaluation Surplus of $300,000
   		A credit to Accumulated Depreciation of $200,000