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Zinnia Inc., a publicly listed company. purchased a warehouse on January 1, 2019 for $1,550,000. The company has chosen to use the revaluation model to

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Zinnia Inc., a publicly listed company. purchased a warehouse on January 1, 2019 for $1,550,000. The company has chosen to use the revaluation model to account for its structures and revalues them annually. uses straight-line depreciation over the asset's 8-year useful life with no residual value. The asset's fair values were as follows: Dec 31, 2019: Equal to its carrying amount. Dec 31, 2020: $1,368,000. Dec 31, 2021: $1,047.000. 2.1 Instructions Assuming Zinnia uses the asset adjustment (elimination) method for revaluation, prepare all required adjusting journal entries for the year-end's of 2019, 2020 and 2021. (UNITED STATES) O

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