d) Presented below is information related to equipment owned by Golden Company at December 31, 2020: Cost Tk.90,00,000; Accumulated depreciation to date Tk. 10,00,000; Expected future net cash flows Tk. 70,00,000; Fair value Tk. 48,00,000. Assume that Golden Company intends to dispose of the equipment in the coming year. It is expected that cost of disposal will be Tk. 20,000. As of December 31, 2020, the equipment has a remaining useful life of 4 years. Required: 1. 2. 3. Prepare the Journal entry (if any) to record the impairment of the asset at December 31, 2020. Prepare the Journal entry (if any) to record depreciation expense for 2021 The fair value of the equipment at December 31, 2021 is Tk. 51 Lac. Prepare the journal entry (if any) necessary to record this increase of fair value.