On January 1, 2022 Public Co bought a new machine (with no significant component) for $120,000 and determined that the machine has a five-year useful life with no residual value. The machine has a volatile fair value so the company has decided to apply revaluation model, reevaluating the machine annually and applying revaluation asset adjustment method (elimination method). The fair value as of the machine as of Dec 31, 2022 is $90,000. Which of following