Prepare the journal entries required for $2023,$ using the asset adjustment method. $($Credit account titles are automatically indented

decimal places, e$.$g$.5,275.)$

No$.$ Account Titles and Explanation

Machine#$1$

$($To record depreciation expense$)$

$($To eliminate accumulated depreciation$)$

$$

$($To adjust the Machinery account to fair value$)$

Machine #$2$

$($To record depreciation expense$)$

$($To eliminate accumulated depreciation$)$

Ayayai Manufacturers Inc., a publicly listed company, has two machines that are accounted for under the revaluation model.

Technology in Ayayai's industry is fast$-$changing, causing the fair value of each machine to change significantly about every two years.

The following information is available:

Both machines were last revalued on December $31,2021.$ Ayayai has a December $31$ year end.Prepare the journal entries required for $2023,$ using the proportionate method. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries. Do not round intermediate calculations. Round answers to $0$ decimal places, e$.$g$.5,275.)$ No$.$ Account Titles and Explanation Debit Credit Machine #$1()]($To record depreciation expense$)(1[1($To adjust the Machinery account to fair value$)$ Machine #$2($To record depreciation expense$)[]($To adjust the Machinery account to fair value$)$Bramble Manufacturers Inc., a publicly listed company, has two machines that are accounted for under the revaluation model. Technology in Bramble's industry is fast$-$changing, causing the fair value of each machine to change significantly about every two years. The following information is available: