CALCULATOR PHIRTER VERSION BACK NE Exercise 7.21 Excalibur Lad operates in the Swan Valley in Western Australia where is involved in the growing of grapes and the production of wine. In June 2010, anticipated that saves may be impared due to a luton the market for grapes and an inpending tax from the Australian government seeking to reduce binge drinking of alcohol by teenage Australians Land is measured by Excalibur tid at four value. At June 2018, the entity revalued the land to its fair value of $120,500. The land had previously been revalued upwards by $20,100. As a result of es parment testing, Excalibur Lad calculated that the recoverable amount of the entity's assets was $1,454,700 The carrying amounts of the sets of Excalibur tid prior to adjusting for the impairment test and the revaluation of the land were as follows: Non-current assets Buildings $ 850,200 Accumulated depreciation (193,900) Land (at ini wala 1/7/14) 127,800 Plant and equipment 1,453,700 Accumulated depreciation (750, 300) Goodwill 60,300 Accurated impamentos (44,100) Traderarks - Wine Intels 80,400 Current assets Canh 7,000 Recurvables 9,100 Required Prepare the journal entre required on 30 June 2019 in relation to the measurement of the wes of Ecobulld. (Round your final answers to the nearest whole number. Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the most is entered to not indent manually.) Account and explanation Debat Credit (Revaluation of land] 44 1141 20/0/8/17 System Announcements CAL PRINT VERSION ILACX 9.100 Required Prepare the journal entries required on 30 June 2019 in relation to the measurement of the assets of Exchbur Lid. (Round your final answers to the nearest whole number. Enter debit entries first, followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account and explanation Dehli Credit (Revaluation of land) (Adjustment for impairment test) (Recognition of impairment loss) Click if you would like to show Work for this question Open Show Work Question Attempt 2 of 15 used SET