The YM AG acquires a superlaser, which is delivered on 1 July of the year 2019. The purchase price is 700.000 plus VAT. Expected useful life of the machine is four years, the straight-line depreciation method will be applied. On 1 July, 2020 a major inspection of 150.000 was necessary and leads to an extension of three years of the originally expected useful life. A full deduction of the VAT is possible and has been made. The accounting period is the calendar year. You are to assume that the following values of the fair value (=recoverable amount) are correct: 31 December 2019: 950.000; 31 December 2020: 500.000, 31 December 2021: FV not known. Using the revaluation model: prepare the values of the laser for the balance sheet at the end of the years 2019 until 2021 and demonstrate the journal entries, respectively. Give reason for your decision. Can you please give me clear calculation?