On January $1,2023,$ Pharoah Ltd$.$ acquires a building at a cost of $$300,000.$ The building is expected to have a $20-$year life and no residual value. The asset is accounted for under the revaluation model, using the asset adjustment method. Revaluations are carried out every three years. On December $31,2025,$ the fair value of the building is appraised at $$275,000,$ and on December $31,2028,$ its fair value is $$130,000.$ Pharoah applies IFRS.