On Dec 31, 2022, UEL decides to revalue the Equipment B (at cost CHF 360.000) amount by applying revaluation model, FV of machine B is now CHF360,000. This transaction is never been accounted for in the book of UEL. UEL usually net off Accumulated depreciation into Cost before revaluing (according to IAS 16.35b). This revalued amount would be used for depreciation from the year 2023 goes on

Require: Book entry