Property purchased for ?$3 million was revalued on 1 July 2017 to ?$4.5 million. Accumulated depreciation at the time of revaluation was $ 500 000. The property? hadn't previously been revalued. At the time of the? revaluation, the property was expected to have a further useful life of 25 years with no residual value. On 1 July 2021 the property was again? revalued, to ?$3.3 million. Requirement Show the journal entries to? record: (a) the initial? revaluation, (b) depreciation for each of the years ended 30 June 2018 to 2021 and? (c) the revaluation at 30 June 2021. ?(d) Use the student to show work button. Show your workings for? item? (a)? (b) and? (c) Justify your workings using the appropriate accounting standards