Determining recoverable amount and impairment adjustments  LO3, 4 Consider the following information relating to five different items of plant and equipment at the reporting date. Asset Carrying amount $ Fair value $ Costs of disposal $ Value in use $ A 100 000 105 000 3 000 110 000 B 50 000 45 000 1 000 48 000 C 80 000 85 000 2 000 82 000 D 200 000 190 000 5 000 220 000 E 120 000 120 000 3 000 115 000 Required 1. Calculate the recoverable amount for each of the five items of plant and equipment. 2. Assuming plant and equipment is carried under the cost model, determine the amount of any impairment adjustment necessary. 3. Assuming plant and equipment is carried under the revaluation model, determine the amount of any revaluation adjustment necessary.