QUESTION 2: PPE REVALUATION (15 MARKS) On 1 July 2018 ABC Ltd. acquired a land for 100,000 which is measured using the revalua- tion model. At 30 June 2019, Land was assessed to have a fair value of $150,000. At 30 June 2020, Land was assessed to have a fair value of $ 120,000. At 30 June 2021, Land was as- sessed to have a fair value of $ 90,000. Required 1) Prepare the journal entries during the period 30 June 2019 in relation to the Land (4 marks). (Please ignore the tax effect.) 2) Prepare the journal entries during the period 30 June 2020 in relation to the Land (4 marks). (Please ignore the tax effect.) 3) Prepare the journal entries during the period 30 June 2021 in relation to the Land (7 marks). (Please ignore the tax effect.)