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Could you please provide the journal entries for the below PPE. Wattle Ltd manufactures and sells soft drinks. The nancial year end is 30 June.

Could you please provide the journal entries for the below PPE.

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Wattle Ltd manufactures and sells soft drinks. The nancial year end is 30 June. The business purchased a new machine for $40,000 cash on 1 January 2015. The expected useful life was 10 years and residual value $2,000. On 30 June 2016, Wattle Ltd adopted the revaluation model to account for the class of machinery. The fair value of the machine was determined to be $32,000 on that date. The usell life and residual value of the machine were reassessed to 3 years and $1,500 respectively. Owing to teehnological advances, Wattle Ltd decided to replace the machine. On 31 March 2017, the business traded in for a new machine for $64,000. A $28,000 trade-in was allowed for the old machine and the balance of the new machine was paid in cash. In addition, transport and installation costs of $950 were incurred. The new machine was expected to have a useful life of 3 years and a residual value of $8,000. On 30 June 201?, fair value was determined to be $65,000 for the new Machine. The useil life was assessed as 5 years with a residual value of $1,000. On 31 December 2017, the machine was revalued to $53,000 with a four-year useful life and $500 residual value. Wattle Ltd uses the straight-line depmciation method. The income tax rate is 30%

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