Doobie Limited (Doobie) purchased machinery to manufacture a new product. Doobie paid $525,000 for the machine and incurred an additional $15,000 to test the machine. Doobie additionally incurred $6,000 to promote the new product which was to be manufactured by the machine purchased. All of the above was incurred in the beginning of June 2019 and paid when incurred. The machine was estimated to have a useful life of 6 years and a residual value of $25,000. Doobies policy is to depreciate all machinery on a straight-line basis and the revaluation model is used. On 30 June 2020 Doobie determined the fair value of the machine to be $500,000 and the machine was accordingly revalued on this date. At this time, the remaining useful life is assessed to be 5 years with a residual value of $28,000. During June of 2021 the machine was underutilized due to a reduction in the demand for the new product which was expected to be permanent. Due to this an impairment test was carried out and on 30 June it was determined that the fair value of the machine was $350,000, the cost to sell the machine was $2,200. The value in use was determined to be $347,000. After the recognition of impairment on 30 June 2021, the remaining useful life of the machine was determined to be 4 years and the residual value was estimated as $20,000. On 30 June 2022, the machine was sold for $270,000. Required: Part A Show all journal entries, in relation to the machine, for the years ended 30 June 2020, 30 June 2021 and 30 June 2022.