machine at cost 1 jan 2022 = rm 3,000,000

accumulated depreciation as at 1 jan 2022:

machine=rm 850,000

accumulated impairment loss machine as at 1 jan 2022 = rm400,000

1) the machine in the trial balance was purchased on 1 jan 2019 with a useful life of 10 years. it was impaired on 1 jan 2021 because of decreased in demand of production. the impairment has been recorded in relevant account.

on 31 dec 2022, there was an increased in demand for production and the recoverable amount of the machine as at this date was rm 2,000,000. no recording has been made for the year.

based on (1), calculate the following :

i. impairment loss in 2021

ii. depreciation for year 2022 (show journal entry)

iii. carrying amount without impairment loss

iv. reversal of impairment loss in 2022 and show journal entries