Assume a client uses IFRS reporting and has a machine that costs $$100,000$ on $1/1/2021.$

Depreciation is $10\%$ per year with no salvage value.

The fair value is:

$$180,000on\frac{1}{1}\frac{?}{2022}$

$$60,000on\frac{1}{1}\frac{?}{2023}$

$$77,000on\frac{1}{1}\frac{?}{2024}$

$$120,000on\frac{1}{1}\frac{?}{2025}$

The company's policy is to transfer the realized portion of the revaluation surplus to retained earnings as the asset is used.

Required: Prepare a schedule that shows the statement of financial position and ledger accounts for each year ending December $31,2021$ to $2025.$ Prepare the asset's account as a net carrying amount $($do not separate cost and accumulated depreciation accounts$).$