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Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record the revaluation of the equipment. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount. Dower Corporation prepares its financial statements according to IFRS. On March 31, 2024, the company purchased equipment for $336,000. The equipment is expected to have a six-year useful life with no residual value. Dower uses the straight-line depreciation method for all equipment. On December 31, 2024, the end of the company's fiscal year, Dower chooses to revalue the equipment to its fair value of $308,000. Required: 1. Calculate depreciation for 2024 . 2-a. Calculate the revaluation of the equipment. 2-b. Prepare the journal entry to record the revaluation of the equipment. 3. Calculate depreciation for 2025. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate depreciation for 2024 . X Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate depreciation for 2025. Note: Round your denominator answer to 2 decimal places. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the revaluation of the equipment. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar amount