On 1/1/2015 IMAR Co. has equipment with an initial cost of $200,000 with useful life of 10 years with zero residual value, and the company decide to use straight line method to depreciate this...

On 1/1/2015 IMAR Co. has equipment with an initial cost of $200,000 with useful life of 10 years with zero residual value, and the company decide to use straight line method to depreciate this equipment. On 31/12/2019 the company recorded the depreciation entry, and at the same date the fair value of the equipment estimated to be $115,000 by independent experts. On 31/12/2020 the company estimated the equipment again with fair value of $85,000. Required: Compute the amount of the "Revaluation Surplus" account on balance sheet on 31/12/2020.