PPE IAS 16

Hello! Please could you help me with this task?

Macdonald, a diversified company, acquired a horticulture business, Plant, on 1 February 20X3. On the date on which it acquired Plant, Macdonald also acquired the following assets for use within its new business, paying cash:
1) A tractor costing $100,000 with a useful life of 25 years
2) Fruit trees costing $40,000 (fair value) with a useful life of 20 years. At 1 February 20×3 the costs to sell the fruit trees amounted to 5% of fair value. At 31 December 20×3 the fair value had risen to $42,000 and costs to sell remained unchanged as a percentage of fair value. 3) Trees to be cultivated for lumber. The trees cost $35,000 (fair value) and were to be grown for 10 years before being felled. The fair value of the trees at 31 December 20X3 was $38,000. Costs to sell the trees at any point in time during 20X3 would have been $2,000.

It is Macdonald group policy to apply the IAS 16 revaluation model to land and buildings and the historical cost model to all other property, plant and equipment.

Required
Explain how the assets are recognised and accounted for in the year ended 31 December 20X3.

Thank you!!!