Durable Company acquired a piece of equipment in Year 1 at a cost of $150,000. The equipment has a 10-year estimated life, $30,000 of salvage value, and is depreciated on a straight-line basis. Technological innovations take place in the industry in which the company operates in Year 3. Durable gathers the following information for this piece of equipment at the end of Year 3:

Expected future undiscounted cash flows from continued use	$90,000
Present value of xpected future cash flows form continued use	$76,000
Net selling price in the used equipment market	$77,000

a) The amount of the impairment that Durable Company should recognized on December 31, Year 3, under IAS 36 is:

b) The journal entry of the impairment that Durable Company should recognized on December 31, Year 3, under USGAAP is: debit for and credit for .

c) The amount of the depreciation beginning in Year 4, under IAS 36 should be: