On 1 January 2022, Shakira Ltd purchased a building that had an estimated useful life of eight years with no disposal value at $180,000. Shakira Ltd used the revaluation model to subsequently measure the building and straight-line method for depreciation. For the financial year ended on 31 December 2023, the fair value assessed by the management of Shakira Ltd was $160,000. Shakira Ltd complied with AASB 116 Property, Plant and Equipment and used the net method to record revaluations. Assuming