Use the following information to answer this question.The draft statement of ... Use the following information to answer this question. The draft statement of financial position for Banjo Ltd as at 30 June 2021 discloses the following: Machinery (at cost) $750 000 Less Accumulated depreciation 400 000 $350 000 On the same date, Banjo Ltd assessed the fair value of the machinery to be $400 000. The tax rate is 30%. Depreciation rates are 10% p.a. (accounting) and 12.5% p.a. (tax) using the straight-line method. The journal entries to adjust for the tax effect of the revaluation at 30 June 2021 is: