Question: List down TWO (2) internal indication and TWO (2) external indication of impairment. (4 marks) iii. State THREE (3) assets that excluded from impairment. (3

List down TWO (2) internal indication and TWO (2) external indication of impairment. (4 marks) iii. State THREE (3) assets that excluded from impairment. (3 marks) iv. Bugsy Company decided to review one of their equipment that may be subject to impairment. The cost incurred to acquire the equipment during 2021 was RM1,500,000. The carrying amount in the financial statements for the year ended 31 December 2021 was RM1.8 million. Fair value less costs to disposal at 31 December 2021 is RM1.2million. While the value in use as at 31 December 2021 is RM900,000. Record the impairment. (9 marks)

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