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6 0/4 points At 30 June 20X1 Tree Ltd had machinery with a carrying amount of $180,000. Depreciation expense for the machinery was $17,000 per
6 0/4 points At 30 June 20X1 Tree Ltd had machinery with a carrying amount of $180,000. Depreciation expense for the machinery was $17,000 per annum. At that date Tree Ltd calculated the recoverable amount of the machinery to be $160,000 and an adjustment was processed to account for the impairment loss. After the impairment loss had been recognised the depreciation expense for the machinery was $24,000 per annum. On 30 June 20X3, the economy had improved and Tree Ltd suspected that the machinery was no longer impaired. After undertaking tests, it was determined that the recoverable amount of the machinery was now $53,000 higher than the carrying amount at 30 June 20X3. Required: Write in the box below the maximum amount of the impairment loss that Tree Ltd is able to reverse at 30 June 20X3, in accordance with the requirements of AASB 136: Impairment of Assets. Do not include any spaces, commas or dollar signs in your
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