$($a$)$ Prepare all necessary general journal entries at $31$ December $2022.$

$($b$)$ Calculate depreciation expense at $30$ June $2023.$

$($c$)$ How would the motor equipment be shown in $$inancial statements at $30$ June $2023?$Question $2$:

ACB Ltd has a policy of revaluing its equipment to fair value. The details at $30$ June $2022$ relating

to ACB Ltd$\text{'}$s equipment, which had previously been revalued upwards by $$28,000,$ are as follows.

At the date of the revaluation increase $(1$ July $2022)$ the equipment had a zero residual value and

a useful life of $4$ years. Depreciation has been calculated using the straight$-$line method. On $31$

December $2022,$ ACB Ltd was informed that the fair value of the equipment was $$200,000.$ The

useful life and residual value have not changed. At $30$ June $2023,$ the carrying amounts are not

materially different from fair values.

Required

$($a$)$ Prepare all necessary general journal entries at $31$ December $2022.$

$($b$)$ Calculate depreciation expense at $30$ June $2023.$

$($c$)$ How would the motor equipment be shown in financial statements at $30$ June $2023?$