Question 2: In the 30 June 2019 annual report of Gotout Ltd. the following information was reported for equipment: Machinery (at cost) $ 420,000 Accumulated Depreciation (125,000) The Machinery consisted of one Machine - Machine A. The Machine was measured using the cost model and depreciated on a straight-line basis over a 10-year period. On 31 December 2019, the directors of Gotout Ltd. decided to change the basis of measuring the machine from the cost model to the revaluation model. Machine A was revalued to $325,000 with an expected useful life of 5 years. As at 30 June 2020, Machine A was assessed to have a fair value of $290,000 with an expected useful life of 4 years. Required: Prepare the analysis and journal entries during the period 1 July 2019 to 30 June 2020 in relation to the Vehicle. Please show all workings. (Ignore tax effects and, narrations are not required). (Total 13 marks)