Sammi Ltd. on December 31, 2020, showed the following equipment asset: Equipment $200,000 Less: accumulated depreciation 56,000 144,000 All depreciation has been calculated for 2020. Sammi uses straight-line depreciation for its equipment and at the end of 2020 the remaining useful life of the equipment is 5 years with no residual value. Sammi uses the revaluation model to account for equipment and revalues the equipment every two years. On December 31, 2020, an independent appraiser assessed the fair value of the equipment to be $130,000. The only other time the equipment was revalued was on December 31, 2018, and the equipment was revalued with a gain on revaluation of $6,000