4. On July 20, 2018, the building occupied by Wilayat 'M' Parks and Recreation Department suffered severe structural damage as a result of a hurricane. It had been 48 years since a hurricane had hit the Wilayat 'M' area, although hurricanes in Wilayat M' geographic area are not uncommon. The building had been purchased in 2008 at a cost of OMR 1,000,000 and had accumulated depreciation of OMR 250,000 as of July 2018. Based on a restoration cost analysis, city engineers estimate the impairment loss at OMR 115,000; however, the city expects during the next fiscal year to receive insurance recoveries of OMR 60,000 for the damage. Required: Record the estimated impairment loss in the journal for governmental activities at the government-wide level