After performing its annual review for impairment, Cougar obtains the following data: Asset's value in use. $58,000 Fair value less disposal costs 62,000 Instructions Assuming Cougar uses the rational entity impairment model, a) Calculate the recoverable amount. b) Calculate the impairment loss. c) Prepare the entry to record the impairment loss. *Ex. 11-93 Calculate depreciation and CCA Five identical vehicles that cost $500,000 (total) are acquired on April 1, 2022. Their estimated residual value is $20,000 and expected life is eight years. These assets are Class 10 with a maximum CCA rate of 30%. The company has a December 31 year end. Instructions Calculate the depreciation expense/CCA to the nearest dollar) by each of the following methods: a) Straight-line for 2022 b) Double-declining-balance for 2023 c) Maximum capital cost allowance for 2023