The following information relates to Oscar Trophy Company (CGU = cash generating unit):

Required:
a. Complete the above table to determine the amount of impairment.
b. Record the journal entries to record the impairment of Oscar€™s assets assuming that there have been no prior revaluations of these assets.
c. Record the journal entries for impairment assuming that Oscar had a prior revaluation. The revaluation surplus for Machine A is S50,0()0, and for Machine B is $100,000.

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Machine A Machine B Machine C CGU total S900,000 $1,300,000 SI,700,000 $3,900,000 600,000 1,400,000 300,000 3,300,000 3,400,000 Net carrying value Fair value less cost to sell Value in use Net carrying value for CGU Less: recoverable amount for CGU Impairment loss for CGU Net carrving value for loss allocation Percentage of total carrying amount X Total impairment loss Impairment loss allocated Carrying value before impairment Less: impairment loss Carrying value after impairment n/a n/a