Question: answer with solving please asap Question 8 United Ltd. applies revaluation to equipment purchased on January 1, 2019, for HK$2,000,000. The equipment has a useful

answer with solving please asap

Question 8 United Ltd. applies revaluation to equipment purchased on January 1, 2019, for HK$2,000,000. The equipment has a useful Ho of 5 years, and no residual value. Depreciation at the end of 2019 is HKS400,000 At the end of 2019, independent appraisers determine that the asset has a fair value of HKS1700,000. The entry to record the revaluation is

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