Information about the investment property and machinery for Jeffery Inc. is provided below. Determine the balance sheet presentation under the cost and fair value model for each year using the forms provided. Ignore the impact of income taxes and assume that a full year depreciation is taken each year using the straight-line method. Jeffrey Inc. applies IFRS. Hint: The fair value model only applies to investment properties. Fair value at the Fair value at the Purchase Price end of Year 1 end of Year 2 Land 10 million 12 million 14 million Building - 20 year useful life 40 million 45 million 40 million Machinery -5 year useful life 5 million 4.8 million 3.5 million