9. (LO 2) Wales Remodeling applies revaluation accounting to equipment that is recorded on its...
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Accounting
9. (LO 2) Wales Remodeling applies revaluation accounting to equipment that is recorded on its books at 800,000, with 100,000 of accumulated depreciation after depreciation for the year recorded. It has determined that the asset is now worth 775,000. The entry to record the revaluation would include a: 02 1o Todos a. credit to Equipment of 25,000. polls to go b. debit to Equipment of 75,000. mo Sihomsoline c. credit to Accumulated Depreciation of 100,000.avila d. debit to Revaluation Surplus of 75,000.isitors to bodian
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