Question 6 (8 marks) Apple Red Bhd, prepares financial statements to 30th June each year. On 30th June 2011, the company bought several huge buildings for RM600,000. The buildings were re-valued at RM660,000 on 30th June 2012 and at RM620,000 on 30th June 2013 Requirement: Assuming that Apple Red Bhd uses the revaluation model, prepare journals (with appropriate narrations) to show how each of the above revaluations should be treated in the financial statements in accordance with MFRS116 and explain how each revaluation should be presented in the financial statements