Tuur answer is partially correct. Culver Corporation purchased a delivery truck in early January 2016. The truck cost $93,600, and was to be depreciated over 8 years, assuming no residual valu Culver decided to account for this truck using the revaluation model, with the truck to be revalued every two years. The truck's fair value at the end of 2018 was $75,600. Prepare the journal entries to revalue the truck on December 31, 2018 assuming Culver uses the asset adjustment method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 Accumulated Depreciation-Vehicles (To eliminate the accumulated depreciation) 5400 Dec. 31 5400 Revaluation Surplus (OCI) (To adjust the delivery truck to fair value)