Q2.1 3 Points On 1 July 2019, PK Ltd purchased a vehicle at $100,000. PK Ltd adopted the cost model for the vehicle. The vehicle is depreciated on a straight-line basis over a 5-year period with nil residual value. On 30 June 2021, PK Ltd changes to the revaluation model for the vehicle and determines to revalue the vehicle very year. The fair value of the vehicle on 30 June 2021 is $66,000 and the recoverable amount is $63,000. There is no impairment recognised for the vehicle in prior periods. PK Ltd does not change the depreciation method. On 30 June 2022, the fair value of the vehicle is $38,000 and the recoverable amount is $34,000 Required: List all necessary journal entries (including depreciations) associated with the revaluation of the vehicle for the year ended 30 June 2022, in accordance with AASB 116 Property, Plant and Equipment. Ignore tax effect. Please select file(s) Select tiles)