Hi, looking for answers to double check mine with - if you could include how you worked it out so i have comparisons that would be appreciated. thank you.

At 30 June 2015 Tracey Ltd had the following hala noes for non-current assets: Machine A {at cost) 530.000 Accumulated depreciation - Machine A {1 1.200} Equipment [at fair value} 3550.000 The machine and the equipment were acquired on 1 July 2013. Both are depreciated using the straight line method. Other relevant details are as follows: - Machine A had a residual value of $2.000 and useful life of 5 years when acquired. - The equipment is measured using the revaluation model. On 30 June 2015 the equipment was revalued and as a result Tracey Ltd recorded a loss on revaluation for the equipment of 525.000. After this revaluation residual value was estimated to he 550.000 and the remaining useful life was estimated to he 20 years. - Tax rate is 30%. Required: Prepare all necessary journal entries. and show all working out. for the following hvo events: a] Machine A was traded in on 1 July 2015 for new Machine 5. which cost $55000. A 526.000 trade in allowance was allowed for Machine A. and the balance of Machine B's cost was paid in cash. 5] The equipment was revalued on 30 June 2015 to its fairvalue of $5T0.000