Assume an entity has an item of plant whose current carrying amount is $200,000 (accumulated depreciation being $20,000). The asset had cost $300,000. It was revalued downwards from am carrying amount of $270,000 to $220,000, with the following accounting entry being passed:

Dr Expense 50,000

Dr Accumulated Depreciation 30,000

Cr Plant 80,000

(1) If the asset is now assessed as having a fair value of $230,000, what would be the appropriate revaluation entry?

(2) If the asset is now assessed as having a fair value of $280,000, what would be the appropriate revaluation entry?