When should a long$-$lived asset be tested for recoverability?

Question $19$ options:

When the asset's fair value has decreased, and the decrease is judged to be permanent

When the asset's carrying amount is$$less$$than its fair value

When events or changes in circumstances indicate that its carrying amount may not be recoverable.

When external financial statements are being prepared

Machine$$75,000$Labor to install machine$14,000$Parts added in rearranging the assembly line to provide future benefits$40,000$Labor and overhead to rearrange the assembly line$18,000$

What amount of the above expenditures should be capitalized in year $2?$

Question $18$ options:

$ $89,000$

$$107,000$

$$147,000$

$ $75,000$