On 1 January 2015, Wall Ltd purchased equipment for a total cost of $55 000. Re e estimated useful life of the equipment was 8 years, with an estimated residual lue of $5000. The entity's reporting period ends on 30 June, and it uses straight- nc (L ine depreciation. On 1 July 2017, Wall Ltd revalued the equipment upwards to reflect the fair value of $70000. The revised useful life was 7 years and residual value was estimated at Snil. On 1 January 2019, Wall Ltd sold the equipment for $56 500. Required a) Prepare the journal entries in relation to the equipment from the date of acquisition to the date of disposal assuming no GST. b) Prepare the journal entries in relation to the equipment from the date of acquisition to the date of disposal assuming GST at a rate of 10%