What amount booked to accumulated depreciation

Reference no: EM133612352

Question: Brovo company has a piece of equipment with original cost of $1,000,000. The equipment's carrying value at the begining of the year was $ 700,000. Bravo recored $ 100,000 for depreciation during the year. The equipment's fair value at the end of the year was $ 480,000 thisis the first year that the company has revalued this equipment. What amount booked to accumulated depreciation if Bravo uses proportional method? Do journal entry?

Reference no: EM133612352

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