A Company has specialized equipment with the following characteristics: Carrying amount Selling price Cost of disposal Expected future cash flows Present value of expected future cash flow 50,000.00 40,000.00 1,000.00 55,000.00 46,000.00 2 a) Determine the recoverable amount of the asset: b) Is the asset impaired? c) Measure the the amount of impairment loss d) Entry to recognize impairment