(c) Pointer Plc has two investments. One, an investment in listed shares, is available for sale as a financial asset. The current market value is 200,000 but the shares were bought for 500,000. The other is an investment in a three year bond with an amortised cost of 7,000,000 with a stated and effective interest rate of 7% (current market rates are 10%). After two years Pointer Plc is not expecting to receive the last year's interest and expects to receive only 2/3 of the principal. Required i. What is impairment in relation to financial assets measured at amortised cost. How is impairment accounted for? Your answer to this part of the question should not be more than 120 words. (4 marks)