The following trial balance extract has been extracted from Kalorie Limiteds accounting records at 31 March 2018: Buildings 3 994 600 Buildings accumulated depreciation 1 April 2017 1 766 400 Property, plant and equipment at cost 1 516 600 Property, plant and equipment accumulated depreciation 1 April 2017 429 770 On 1 December 2017 a factory building that originally cost $1 350 000 carrying amount of $911 450 was severely damaged in a fire and subsequently written-off. Any gains of losses on capital items are not subject to taxation. Kalorie Limited received a payment of $914 200 from the insurance company in full and final settlement of the claim. This amount has been credited to the Buildings account in the ledger. Buildings are depreciated on the straight-line basis at 5 per cent per annum, while property, plant and equipment are depreciated on the straight line basis at 15 per cent per annum.

Required: 1. Prepare ALL the journal entry/ies that Kalorie Limited should make in its accounting records to account for the buildings and property, plant and equipment for the reporting period ending 31 March 2018.