Exercise 1 on impairment: Machine cost 700.000 useful life 12 years, residual value 15,000 After 5 years of use machine was partially damaged If the company will sell the machine after the damage, we can sell it for 300,000, cost to sell the machine is 1000 If the company will keep the machine the value in use of the machine is 290,000 Determine if there is an impairment loss and record it. Exercise 2 on impairment: Car cost 1,100,000, useful life 10 years, residual value = 45,000 After 3 years of use car was partially damaged If the company will sell the car after the damage, we can sell it for 600,000, cost to sell the car is 2000 If the company will keep the machine the value in use of the machine is 650,000 Determine if there is an impairment loss and record it. A X