On 1 July 2018, King Ltd purchased land for $650,000 and buildings for $360,000. The estimated useful life of the buildings was 12 years, with a residual value of nil. On 1 October 2018, machinery was purchased at a total cost of $$200,000. The estimated useful life of the machinery was 6 years with an estimated residual value of $40,000. King Ltd uses straight-line depreciation for buildings and the diminishing-balance method for machinery at a rate of 33.3%. The entitys reporting period ends 30 June.

Assume that on 1 July 2019 the entity revalued the land upwards by $206,000 and the buildings downwards by $5.4,000.

1/7/19	Land	206,000
	Revaluation Surplus		206,000
1/7/19	Accumulated Depreciation Building	yyy
	Revaluation Expense	5.4,000
	Building		xxx

Complete the above journal entries by calculating the unknown xxx in the answer block below:

Answer: