Hi are you able to help me with this question

deferred tax asset and the deferred tax liability accounts and prepare the journal entry to recognise these adjustments. (5 marks) 000 a) Question 3 Property, plant, Equipment. Total: 15 marks Peppy Ltd was in the business of providing auditing and assurance services. The business owned only one building that it had purchased on 1 July 2015 at a cost of $450 000. The building had an estimated useful life of 25 years and a residual value of $25 000. Kevalued Asset During the financial year 1 July 2018 30 June 2019 the following transactions and 0 events related to the building occurred: iner On 1 July 2018 Peppy Ltd adopted the revaluation model to measure the building and recognised the fair value of $389 000 for the building on that date. Peppy Ltd estimated that on that date the building had a remaining useful life of 20 years and a residual value of $29 000. ent On 1 November 2018 Peppy Ltd completed renovations on the building. The total cost of the renovations was $86 000 and resulted in an increase in the useful life of the building. The new remaining useful life for the building was estimated to be 22 o slanouba years with no change in the residual value. baisio On 30 June 2019 end of year depreciation was recorded and a fair value of $460 000 for the building on that date was recognised. 17 Peppy Ltd has a reporting period ending on 30 June. The straight line method is used to depreciate the building. The company tax rate is 30%. Peppy Ltd rounds all calculations to vultno the nearest dollar before journal entries are recorded. fremga 2008 ei 151 x vnegmoo 01 Required: Prepare the necessary journal entries for the building to recognise all transactions and be events that occurred from 1 July 2018 to 30 June 2019. (15 marks) eros 15 anexe