Question: Please help prepare journal entry necessary to record increase in fair value. The fair value of the equipment at December 3 1 , 2 0

Please help prepare journal entry necessary to record increase in fair value. The fair value of the equipment at December 31,2026 is $5100000. Presented below is information related to equipment owned by Suarez Company at December 31,2025.
Assume that Suarez will continue to use this asset in the future. As of December 31,2025, the equipment has a remaining useful life of 4 years.
Please help prepare journal entry necessary to

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