Use the following information for the next four items: Light Company bought a machine for 300,000 on January 1, 20x8. The machine's useful life is 10 years and it is estimated to have a zero residual value and is depreciated using the straight-line method.The revalued amount of the machine is as follows:December 31Fair values of the machine20x8 360,00020x9335,0002x10320,000

The enacted tax rate was 30% for each year

The revaluation surplus in the equity section of Light Company'sDecember 31, 20x8 statement of financial position is?

The amount of depreciation expense to be recognized in 20x9 is?

The amount ofrevaluation surplus transferred to retained earnings in 20x9 is?

The revaluation surplus in the equity section of LightCompany's December 31, 2x10 statement of financial position is?