Sea shores is a property investment company that focuses on buying landing and buildings for purposes for rental and resale purposes. The company currently own the following land and buildings.

	Use	Purchase date	Depreciation policy	cost	Model	Fair value on 31 Dec 2020
Braamfontein land	Rented to the local municipality	30 June 2019		10 000 000	Fair value	14000 000
Umhlanga building	Consists of 50 apartments 30 apartments are rented to tenants	01 May 2020	20% on cost	20000 000	Cost	25000 000
Richards bay building	Will be sold on appreciation of the value	30 April 2020	?	8400 000	cost	8400 000
Richards Bay land	Occupied by sea shores	1 January 2020		12000 000	Cost	10000 000
Pretoria Building	Rented to tenants	1 February 2019	20% on cost	8000 000	Fair value	10545 800

Required Prepare a journal entry for the year ended 31 December 2020.