At the end of 2019, Sapporo Group tests a machine for impairment. The machine is carried at depreciated historical cost, and its carrying amount is ¥150,000. It has an estimated remaining useful life of 10 years. The machine's recoverable amount is determined on the basis of a value-in-use calculation, using a pretax discount rate of 15%. Management-approved budgets reflect estimated costs necessary to maintain the level of economic benefit expected to arise from the machine in its current condition. The following information related to future cash flows is available at the end of 2019 (amounts in thousands).

Instructions
Part I
a. Compute the amount of the impairment loss at December 31, 2019.
b. Prepare the journal entry to record the impairment loss, if any, at December 31, 2019.
Part II In the years 2020-2022, no event occurs that requires the machine's recoverable amount to be re-estimated. At the end of 2023, costs of ¥25,000 are incurred to enhance the machine's performance. Revised estimated cash flows in management's most recent budget are as follows.

c. Prepare the journal entry for an impairment or reversal of an impairment at December 31, 2023.

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Year Future Cash Flow Year Future Cash Flow 2020 ¥22,165 2025 ¥24,825 2021 21,450 2026 24,123 25,533 2022 20,550 2027 24,234 2023 24,725 2028 25,325 2024 2029 22,850 Year Future Cash Flow Year Future Cash Flow 2027 2024 ¥30,321 ¥31,950 33,100 27,999 2025 2028 32,750 31,721 2026 2029