Tongas Company applies revaluation accounting to plant assets with a carrying value of S1,600,000, a useful ife of 4 years, and no salvage value. Depreciation is calculated on the straight-line basis. At the end of year 1, Independent appraisers determine that the set has a fair value of $1,500,000 The financial statoments for year one will include the following information O Accumulated depreciation $400,000 Depreciation expense $100,000 Pant assets $1,500,000 Pevaluation surplus $100,000