In the year 2018, Elmwych Berhad record an impairment loss for one of its machine amounting to RM85,000. However in the following year, the recoverable amount is higher than the revised carrying amount, thus the management decide to record the reversal of the impairment. The machine was purchase in 2016 at an initial cost of RM250,000 and has a residual value of RM40,000. The company apply straight line depreciation over 5 year's useful life. Below are the details on the machine: Revised carrying amount as at 31 Dec 2019 RM 46,750 i. Calculate the carrying amount if the asset was not impaired. (2 marks) ii. Prepare the journal entry to record the reversal of impairment loss. (4 marks)