QUESTION 3: PPE REVALUATIONE In the 30 June 2020 annual report of Sydney Ltd reported the following: Plant (at cost) Accumulated Depreciation 500 000 (150 000 350 000 Plants are measured using the cost model and depreciated on a straight-line basis over a 10- year period. On 30 June 2020, Plant was assessed to have a fair value of $360 000 with an expected useful life of 6 years. On 30 June 2021, Plant was assessed to have a fair value of $ 250 000. Q3 Required Prepare the journal entries during the period 30 June 2020 to 30 June 2021 in relation to the Plant. (Please ignore the tax effect.)