LO. 10-3) (Medium-20 minutes P-28,Recording impairments The following information relates to Oscar Trophy Company (CGU cash gene 4 unit) Machine A Machine B Machine C CGU total $900,000 $1,300,000 $1,700,000 $3,900,000 600,000 1,400,000 1,300,000 3,300,000 Net carrying value Fair value less cost to sell Value in use Net carrying value for CGU Less recoverable amount for CGU Impairment loss for CGU Net carrying value for loss allocation Percentage of total carrying amount X Total impairment loss Impairment loss allocated Carrying value before impairment Less: impairment loss Carrying value after impairment n/a 3,400,000 n/a n/a Required: a. Complete the abov b. Record the journal entries e table to determine the amount of impairment. to record the impairment of Oscar's assets assuming that there have been no prior revaluations of these assets. c. Record the journal entries for impairment assuming that Oscar ha The revaluation surplus for Machine A is $50,000, and for Machine B is $100,000 d a prior r P10.29, R Papa Bear Co, has lou Recording impairments with reversal