In the 30 June 2015 annual report of Comicon Ltd, machinery was reported as follows: $500,000 Machinery (at cost) Accumulated depreciation ($150,000) $350,000 The machinery consisted of two machines, Machine A and Machine B. Machine A had cost $300,000 and had a carrying amount of $180,000 at 30 June 2015, and Machine B had cost $200,000 and was carried at $170,000. Both machines are measured using the cost model and depreciated on a straight-line basis over a 10-year period. The residual value of both machines is zero. On 31 December 2015, the directors of Comicon Ltd decided to change the basis of measuring the equipment from the Cost model to the Revaluation model. Machine A was revalued to $180,000 with an expected useful life of 6 years, and Machine B was revalued to $155,000 with an expected useful life of 5 years. At 30 June 2016, both machines were revalued (the "second revaluation"). Machine A was assessed to have a fair value of $163,000 with an expected useful life of 5 years, and Machine B's fair value was $136,500 with an expected useful life of 4 years (Note: use the details for the second revaluation at 30 June 2016 for Homework Question 1). Required: Prepare the journal entries during the period 1 July 2015 to 31. December 2015 (the "first revaluation") and the depreciation entries from 1 January 2016 to 30 June 2016 in relation to the machinery