A plant constructed at a cost of ₹40,00,000 in the year 2003 was considered for revaluation in the year 2006 and its net book value was enhance by ₹4,10,000 resulting into revaluation reserve. In the year 2008, an impairment loss of ₹3,40,000 is recognized. How such loss is to be recognized in the books of accounts.

Will your answer change if impairment loss is ₹4,80,000?