Question Four (13.5 marks) The historical cost of land and building of Airbag Ltd that purchased three years ago are $500 000 and $2 000 000 respectively. The building is depreciated using the straight- line method over a 20-year useful life with no residual value and land assume to have an indefinite useful life. Airbag Ltd decides to switch to a revaluation model for Building. The fair value of the building is $1 300 000 and the tax rate is 25 percent (25%). As a result of revaluation, the building's useful life increases to 25 years. REQUIRED Provide the journal entries to record the revaluation