Simon's Turf Farm owned the following items of property, plant and equipment as at 30 June 2022:

Water Desalinator (at fair value)= $189,000

The water desalinator was purchased and installed on 2 July 2021 at a cost of $200000. On 30 June 2022, the plant was revalued upwards by $7000 to its fair value on that day. Additionally, its useful life and residual value were reestimated to 9 years and $18000 respectively.

What are the journal entries for these transactions?