In the 30 June 2020 annual report of Smith Ltd, the building was reported as follows: The building is depreciated on a straight-line basis over a 10-year period. The company used revaluation model for the building. The company finds out that the building has a fair value of $140,000 at 30 June 2020 . On 30 June 2021 , the fair value of building is assessed to be $92,500. Which journal entries are correct to revalue the asset in accordance with AASB 116 Property, Plant and Equipment at 30 June 2021