1.

June 30 2023
dr cr
Dep expense M a 15000
acc dep M a 15000

dep exp on machine b 10000

acc dep on machine b 10000

2. 31 december 2022

machine A $
cost 150000
acc dep 67500
82500
fair value 90000
increment -7500

DR CR
dep expense M a 7500
acc dep on M a 7500

asset written down to carrying amt

acc dep machine a 67500
machine A 67500

revaluation frm 82500 to 90000

mavhine a 7500
gain on revaluation 7500

gain on revalaution 7500

asset revaluation surplus 7500

3. 30-06-2023

Machine B $$
cost 100000
acc. Dep 20000
80000
fair avlue 77500
decremnt 2500

depre expense M b 5000

acc dep m b 5000

asset written down to carrying amount

acc dep m b 20000
 machine b 20000

loss on revuation m b 2500

machine b 2500
(revaluation from 80000 to 77500)

30-Jun-23
deprecation exp M b 7750
acc dep Mb 7750

4
machine A $ Machine B $
revaled amt 90000 revalued amt 77500
acc dep 7500 acc, dep 7750
carrying amt 82500 carrying amt 69570
faire val 81500 fair value 68250
decrement 1000 decrement 1500

write down to carrying amount DR CR

acc dep M A 7500
machine A 7500

loss on revaluation 1000

machine A 1000

assest reva surplus machine A 1000

loss on reval M A (oci) 1000

acc dep machine B 7750

machine B 7750

loss on reval machine B 1500

machine B 1500

5
Considering the cost basis method and the fair value method in relation to the relevance and reliability of information.
ability of information.