Question 2 [42 marks] Presented below is information related to non-current assets owned by Marley Company at December 31, 2015. Equipment $7 000 000 1 500000 Copyright $2 700 000 Cost Accumulated depreciation to date Carrying amount Value-in-use Fair value less cost of sell Recoverable amoun 2 350 000 5 000 000 4 400000 1 500 000 Assume that Marley will continue to use both assets in the future. As of December 31, 2015, the equipment had a remaining useful of 4 years and the copyrights had a remaining useful life ofs years Required: la) Prepare the journal entries (if any) to record the impairment of the assets at December 31, 2015 Prepare the journal entries to record depreciation and amortization expense for 016 The recoverable amounts at December 31, 2016, of the equipment is 55 750000 and the copyrights is $1 600000. Prepare the journal entries (if any) necessary to account for impairment (16 marks) lb) (14 marks) (c) (16 marks) Id) What is the amount for depreciation and amortization for 20177 (6 marks)