On $30$ June $2021,$ Halleck Ltd acquired a plant for $$400,000$ cash, with an expected useful life of $10$ years and a zero residual value. The company has adopted fair value for the valuation of non$-$current assets.

On $30$ June $2022,$ the company hired an independent valuer who assessed the value of the plant to be $$385,000$ with a remaining useful life of $10$ years and residual value of $$5,000.$

On $30$ June $2023,$ the fair value of the plant is $$320,000$ with a remaining useful life of $8$ years and zero residual value.

The company uses straight$-$line depreciation method for depreciating all its property, plant and equipment. Income tax rate is $30\%.$ The financial year ends on $30$ June.

Required: Prepare all the necessary journal entries related to the plant from $30$ June $2021$ to $30$ June $2023.$