Using provided accounts to make journal entries

Question 3 DAP Ltd (DAP) is an investment property holding company which purchased a freehold property on 1 January 2016. The property is used for earning rental income. The year ended date of its financial statements is 31 December. DAP prepares financial statements on an annual basis. DAP has adopted fair value model for its investment property. This investment property was valued twice, since its initial purchase date, at 31 December 2016 and December 2017 respectively. The property was estimated a 40-years useful life since initial purchase. The revised remaining useful life of the building as at 1 January 2017 and 1 January 2018 was estimated to be 35 years and 40 years respectively. The property was disposed on 31 December 2018 for $38,000,000. Required: Prepare journal entries for the investment property for the years ended 31 December 2016 2018. For any item that will be included in the statement of profit or loss and other comprehensive income please indicate whether it is profit or loss item (P/L) or other comprehensive income item (OCI). (11 marks) Accounts: Accumulated Depreciation, Cash, Depreciation, Fair Value Gain, Fair Value Loss, Gain / Loss on Disposal, Investment Property Note: some account(s) is are irrelevant