Determine the recoverable amount of each of the following four assets and state the amount of any impairment loss which should be recognized in each case: Carrying Fair value less Value in amount costs to sell use Furniture 25,000 22,500 27,500 Vehicle 6,500 3,750 4,800 Equipment 18,250 17,500 15,000 Fixtures 11,400 13,400 12,750

B) Samna Textile deals in cotton fabric, purchased an asset three year age, at the beginning year 1 for Rs. 10,00,000. Its expected useful life was six (6) years and its expected residual value was Rs. 100,000. It has now been re-valued to Rs. 12,00,000. Its remaining useful life is now estimated to be three years and its estimated residual value is now Rs. 150,000. The straight-line method of depreciation is used. Required:

a) The amount of revaluation reserve at the end of Year 3?

b) The annual depreciation (revised) charge in Year 4?

c) The net book value of the asset at the end of Year 4?