On 30 June 2019, the statement of financial position of Kookaburra Ltd showed the following non- current assets after charging depreciation. Building Accumulated depreciation Motor vehicle Accumulated depreciation $200,000 $300,000 (100,000) 120,000 (40,000) 80,000 The company has adopted fair value for the valuation of non-current assets. This has resulted in the recognition in previous periods of an asset revaluation surplus for the building of $14 000. On 30 June 2019, an independent valuer assessed the fair value of the building to be $160 000 and the vehicle to be $90 000. (a) Prepare any necessary entries to revalue the building and the vehicle as at 30 June 2019. (Leave blank any answer fields that do not require an answer. Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round your answers to the nearest whole number.) Prepare any necessary entries to revalue the building and the vehicle as at 30 June 2019. (Leave blank any answer fields that do not require an answer. Enter debit entries first followed by credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round your answers to the nearest whole number.) KOOKABURRA LTD General journal Debit Credit Date Account and explanation 2019 30/06 (Writing down to carrying amount) (Revaluation downwards of building) (Reduction in accumulated equity due to revaluation decrement on building) (Writing down to carrying amount) (Revaluation to fair value) Attempts: 0 of 15 used