Impairment is to ensure that assets are stated at their true value,providing accurate and reliable information to stakeholders.

A.Identify the internal and external factors that cause drastic change in the value of assets that results in the impairment loss.

b. Syarikat Akhbar owns a building with a carrying amount of RM 500,000.Due to changes in market conditions,the company believes that the recoverable amount of the building may be lower tha its carrying amount.The estimates fair value less costs to sell is RM 450,000 and the value in sue is RM 470,000.Determine if an impairment loss exists,and if so,calculate the amount of the impairment loss.(20 marks)