JNR Bhd acquired an oil delivery truck on 1 January 2016 at a cost of RM270,000. The truck was expected to have an estimated useful life of nine years with zero residual value. The management determined that straight-line depreciation is appropriate. On 31 December 2016, the truck has a carrying amount of RM240,000. In 2017, because of a sharp downturn in demand for fuel oil, JNR Bhd dramatically decreased its use of the truck. Consequently, on 31 December 2017, the management re- estimates the truck's remaining useful life to five years, during which the truck is expected to provide the following net cash flows: Year 2018 2019 2020 2021 2022 RM 60,000 55,000 50,000 35,000 15,000 The appropriate rate to discount these future cash flows to their risk-adjusted present value is 10% per year. On 31 December 2018, the market price for the truck is RM154,000. If the truck was sold, license and title fees of RM4,000 would be paid. By 31 December 2019, the market for fuel oil has recovered and there is improved demand for the services provided by oil delivery trucks. Management estimates that the truck's remaining useful life is four years, through which the truck is expected to provide the following net cash flows: Year 2020 2021 2022 2023 RM 55,000 40,000 25,000 10,000 The appropriate rate to discount these future cash flows to their risk-adjusted present value is 8% per year. On 31 December 2019, the market price for JNR Bhd's truck is RM113,000. If the truck was sold, license and title fees of RM3,000 would be paid. Required: a. Determine whether the oil delivery truck has been impaired on 31 December 2017 in accordance with the MFRS 136 Impairment of Assets. Prepare the journal entries, if required, to record the impairment. (10 marks) b. Discuss whether there is any reversal of impairment for the truck on 31 December 2019 based on MFRS 136. Prepare the journal entries, if required, to record the reversal of impairment. (10 marks)