QUESTION 9 Sunwanoroc Ltd has two non current assets: land and an equipment. Both assets were acquired on 1 July 2019. The Land cost $100.000 and is measured using the revation model. The equipment cost $20,000 and is measured using the cost model. The company expects the equipment to have a useful le of years and me residual value. The assets values on 30 June 2020 are as below: Asset Fair Value $ Recoverable Amounts Land 120,000 125,000 Equipment 18,000 15,000 Required: Assuming indicator of impairment and indicator of impairment reversal exist on 30 June 2020. Prepare the appropriate journal entries to record the value thange for both assets on 30 June 2020. Show workings for asset revaluation and impairment testing