how to get previous state in react useEffect code example

Example: useeffect previous state

const Component = (props) => {
    const {receiveAmount, sendAmount } = props

// declare usePrevious hook
    const usePrevious = (value) => {
      const ref = useRef();
      useEffect(() => {
        ref.current = value;
      });
      return ref.current;
    }    
    
// call usePrevious hook on component state variables to store previousState
    const prevAmount = usePrevious({receiveAmount, sendAmount});
  
  	// useEffect hook to detect change of state variables
    useEffect(() => {
        if(prevAmount.receiveAmount !== receiveAmount) {

         // process here
        }
        if(prevAmount.sendAmount !== sendAmount) {

         // process here
        }
    }, [receiveAmount, sendAmount])
}