i$)$ On $31$ March $2022,$ Dextor Ltd changed to the revaluation model for its machinery; the FV of Machine Z on this date was $$30000.$ Prepare the journal entries at $31$ March $2022$ to record the first revaluation. Show all your workings within the journal entries.

$($ii$)$ On $31$ July $2023,$ the FV of Machine Z was $$35000.$ Prepare the necessary journal entries on $31$ July $2023$ to record the second revaluation for Machine Z$.$ Show all your workings within the journal entries.

$\mathrm{<br>}$ Prepare extracts from the financial statements for Dextor Ltd in relation to Machine Z as at $31$ March $2024.$

Assume Dextor Ltd did not change to the revaluation model, i$.$e$.,$ they used the cost model. Show extracts from the financial statements for Dextor Ltd in relation to Machine Z for the years ended $31$ March $2021,2022,2023$ and $2024.$

Machine Z had the following recoverable amounts $($RA$)$:

$31/03/2021$ $$45000$

$31/03/2022$ $$30000$

$31/03/2023$ $$28000$

$31/03/2024$ $$25000$