Capelin Industries Ltd. is reviewing its asset valuations at December 31, 2019. The following information relates to a particular machine: Accumulated depreciation to date Machine Cost Value in use Fair value Costs of disposal $106,000 25,000 68,000 77,000 5,000 Capelin is a public company and follows IFRS. Required: Determine if the machine is impaired, conclude on your calculations and record any required journal entries. Space below is provided for calculations; please show and label your calculations and responses