View Policies Current Attempt in Progress Coronado Enterprises purchased equipment on January 1 2020. at a cost of 354000. Coronado uses the straight-line depreciation method, 5 year estimated ineful life, and no residual value. At the end of 2020 independent appraisers determined that the assets have a fair value of 323.000 Prepare the journal entry to record 2020 depreciation using the straight line method. (Credit account titles are automatically Indented when amount is entered. Do not indent manually Account Tities and Explanation Debit Credit (to record depreciation expense) cTextbook and Media List of Accounts -/5 E Question 13 of 15 Prepare the journal entry to record the revaluation of the equipment (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Account Titles and Explanation (To adjust the plant assets to fair value and record revaluation Surplus) e Textbook and Media List of Accounts Prepare the journal entry to record 2021 depreciation, assuming no additional evaluation (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit (To record depreciation expense) eTextbook and Media List of Accounts Attempts of used Submit AS