I did something wrong in the weekly testbut teacher didn't give us an answer. I 'd love to know what to do.

QUEStiO" 5 A business has plant & machinery which it purchased on the 1/1/19 for $100,000. It Complete has a useful life of 10 years with a residual value of $20,000. The business uses the Mark 0.00 out of straight-line depreciation method. 1.00 On the 30/6/19 its recoverable amount is estimated to be $70,000. '7 Flag question From the facts above the carrying value of the plant 8. machinery at the 30/6/19 after impairment is: Select one: a. $80,000 b. $92,000 C. No correct answer. ; d. $96,000 e. $70,000 Question 7 A business had previously revalued its Machinery upwards by $40,000 and in the Complete current year, there was a write-down of $65,000. Mark 0.00 out of 1.00 In the current year, there would be an entry to the revaluation surplus (asset revaluation reserve) of: Flag question Select one: a. CR of $40,000 b. CR of $65,000 O c. DR of $65,000 O d. DR of $40,000 e. DR of $25,000