IAS 16, property, Plant and Equipment, permits use of the Revaluation Model for measuring and reporting property, plant and equipment.

On pp. 98-100, IFRS Primer, Wiecek and Young Give an example of application of the Revaulation Model to property, plant and equipment.

If the building above were an intangible assest, a patent, what would the journal entries be at December 31, Year 3, and December 31, Year 6, Under the Revaluation Model, with both the Proportional and Gross Carrying Amount Methods.

Assuming the remaining useful life of the patent is ten years with no residual value.