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Gandalf Ltd has a year end of 31 December. On 30 October 2020 it classified an item of plant as held for sale. At

Gandalf Ltd has a year end of 31 December. On 30 October 2020 it classified an item of plant asheld for sale. At that date tIn accordance with IFRS 5. Non-current Assets Held for Sale and Discontinued Operations whatamounts should be recognised as

Gandalf Ltd has a year end of 31 December. On 30 October 2020 it classified an item of plant as held for sale. At that date the plant had a carrying amount of 13,200 and had been accounted for according to the cost model. Its fair value was estimated at 11,100 and the costs of disposal at 500. On 15 December 2020 the plant was sold for 10,500. In accordance with IFRS 5, Non-current Assets Held for Sale and Discontinued Operations what amounts should be recognised as impairment loss and loss on disposal in profit or loss for the year to 31 December 2020?

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