vvv Limited purchased a machine for $$300,000$ cash on $1$ July $2005.$ The useful life of the machine is $10$ years, no residual value and straight line method for depreciation. The company uses the revaluation model.

On $31$ December $2005,$ the fair value was $$332,500$ for the machine. On $31$

December $2006,$ the fair value was $$280,500$ for the machine.

The machine has a fair value of $$302,250$ on $31$ December $2007$ and $$250,950$ on $31$ December $2008.$

Required:

Provide the journal entries related to machine.