partial statement of financial position of Cullumber Ltd$.$ on December $31,2022,$ showed the following property, plant, and equipment assets accounted for under the cost model $($accumulated depreciation includes depreciation for $2022)$:

Buildings

Less: Accumulated depreciation

Equipment

Less: Accumulated depreciation

$$298,000$

$98,000$

$$134,000$

$54,000$

$$200,000$

$80,000$

Cullumber uses straight$-$line depreciation for its building $($remaining useful life of $20$ years, no residual value$)$ and for its equipment $($remaining useful life of $8$ years, no residual value$).$ Cullumber applies IFRS and has decided to adopt the revaluation model for its building and equipment, effective December $31,2022.$ On this date, an independent appraiser assessed the fair value of the building to be $$140,000$ and that of the equipment to be $$103,000.$