On $1$ July $2020.$ GTW Lad purchased a machinery at $$120,000.$ GTW Ltd adopts the revaluation model for the machinery. The machinery is depreciated on a straight$-$line basis over a $6-$year period with no residual value

On $30$ June $2021,$ the fair value of the machinery is $$90,000$ and the recoverable amount is $$95,000.$

The machinery has $5$ years remaining useful life.

On $30$ Aume $2022.$ the recoverable amount of the machinery is assessed to bp $$83,000.$

What are the joumal entries to revalue the asset in accordance with the requirements of AASB $116$

Property, Plant and Equipment at $20$ June $2022?$