Helpp !!

Presented below is information related to copyrights owned by ABC Corporation at December 31, 2020 (All Amounts are in AED) Cost 900,000 Carrying amount 570.000 Value in use 320,000 Fair value 600,000 Costs to sell 200,000 Instructions: . Prepare the journal entry (if any) to record the impairment of the asset at December 31, 2020. (5 Marks) b. Prepare the oumal entry to record amortization expense for 2021 assuming that in this scenario the copyrights lave a remaining useful life of years as of December 31, 2020. (3 Marks) The recoverable amount of the copyright at December 31, 2021 is 280,000 AED. Prepare the journal entry (if any) necessary to record this change in value (4 Marks) ABC Company's statement of financial position for the year 2020 shows Share capital ordinary Llopar Share premium ordinary Retained earnings 1,500,000 850,000 250.000 . The following transactions occurred during the year April 2: Bought 5.000 ordinary shares at 16 a share June 10: Sold 3,000 treasury shares at 19 a share . November 10: Sold the remaining 2,000 shares of treasury shares at 10 a share, Required: a Journalize the transactions of April 2, June 10, and November 10 (Treasury shares are recorded using the cost method), (4 Marks) b. List three reasons why ABC Company might have decided to purchase the treasury shares. (4 Marks)