Karthik LLC has an equipment as at 31st December 2020 with following details Particulars Amount OMR Market value of the equipment 40,000 Carrying amount of the equipment 50,000 Cost of disposal for equipment 1.000 Present values of expected cash flows from the usage of equipment 46.000 Expected future cash flow from the equipment 55.000 (A) From the above information find recoverable amount of the equipment. Marki Dr. Impairment loss OMR 4,000 and Cr: Equipment OMR 4,000 Dr. Equipment OMR 4,000 and Crimpairment loss OMR 4,000 No impairment loss is recognized Dr: Impairment loss OMR 5,000 and Cr: Equipment OMR 5,000 te accounting (1 Mark) From the following situation find the amount of closing inventory. The inventory at 31st December 2020 is OMR 130,325. This includes OMR 1325 for items accidentally destroyed on 12th January 2020 and OMR 900 which relates to the cost of damaged inventory which can be altered at a cost of OMR 250 and which can then be sold for OMR 790. . Turbo LLC has made an exchange of assets with Autojet LLC. Turbo LLC received equipment with model no: 5M892020 and in return it gave off an equipment with model number: 45P2019 if the acquired asset cannot be valued, as an IAS student how would you show accounting treatment the asset acquired? 1. The residual value is used II. The cost of the asset given up is used III. The asset cannot be capitalized IV. The difference amount of both assets is used I or IV only Il only Ill only Il or IV only . From the following situation find the amount of closing inventory. The inventory at 31st December 2020 is OMR 130,325. This includes OMR 1325 for items accidentally destroyed on 12th January 2020 and OMR 900 which relates to the cost of damaged inventory which can be altered at a cost of OMR 250 and which can then be sold for OMR 790. . OMR 129,140 OMR 128,640 OMR 132,190 None of them