A piece of equipment costing 800,000 when acquired on January 1, 2017 meets the criteria for classification as Held for Sale on March 31, 2019. The equipment is being depreciated over 8 years on a straight line basis. The following additional information is available:

FMV less Cost to sell on March 31, 2019- 400,000

FMV less Cost to sell on December 31, 2019 - 420,000

The entity realized that economic conditions affecting the use if the asset reversed in the middle of 2020. It, therefore, decided on July 1, 2020 to put back the asset to operating use. On this date, the asset's recoverable amount is 500,000.

Required: Entries for year 2019 and 2020