Alex Ltd Alex purchased plant, property and equipment (PPE) for 5 million on 1 Jan 1999. It has an expected useful life of 20 years and is depreciated using the straight line method. On 1 Jan 2007, the PPE was revalued to 6 million. At 1 Jan 2011, it was sold for 4.8 million. Required: - Clearly show cost, accumulated depreciation and carrying value of the PPE as of 1 Jan 2007 before revaluation. Show accounting entries on 1 Jan 2007 when plant is revalued. (10 marks) Show accounting entries on disposal of the PPE on 1 Jan 2011