On January 1, 2019, Brady Company acquired two classes of property, plant, and equipment. Data relating to the asset follow: Classes Machinery Office E ui ment Useful Life 5 years 4 ears 2 ooo ooo Methods of D reciation Straight line Strai ht line The company uses the cost model for the machinery and revaluation model for the office equipment. On January 1, 2020, the following are the recoverable amounts (fair values) of the assets: Recoverable Amount Machinery Office Equipment 1200,000 On January' 1 , 2021, the following are the recoverable amounts (fair values) of the assets: Recoverable Amount Machinery Office Equipment