On 1 July 2014, Capers Ltd purchased equipment with cash for a total cost of $217,800 including 10% GST. The estimated useful life of the equipment was 10 years, with an estimated residual value of $18,000. The entitys reporting period ends on 30 June, and it uses straight-line depreciation. On 1 July 2016, the entity revalued the equipment upwards by $16,000 to reflect the fair value. The revised useful life was 8 years and residual value was estimated at $10,000. On 1 January 2018, Capers Ltd revalued the equipment downwards by $18,900 to reflect the fair value Prepare the journal entries in relation to the equipment from the date of acquisition.