Ochinene Ltd has a disposal group that was classified as held for sale on 30 September 2017. On date of classification, an impairment loss of NS 49 000 was recognised in accordance with IFRS 5 in respect of the disposal group. No impairment losses were previously recognised in accordance with IAS 36 in respect of any of the assets in the disposal group On 30 September 2018 the carrying amounts of the items included in the disposal group (after recognition of the impairment loss) were as follows: Carrying amounts at 30 September 2018 N$ Land 98 000 Factory building (depreciation: reducing balance at 5% pa 450 000 Plant (depreciation: reducing balance at 10% pa 190 000 Inventories 80 000 Trade and other payables (30 000) Share investments 100 000 888 000 The following information was applicable at 31 December 2018 (reporting date) The net realizable value of inventory amounted to NS 50 000 NS 15000 in respect of trade and other payables as at 30 September 2018 was repaid The fair value of share investments increased with NS 20000 The fair value of the disposal group amounted to N5985 000 at 31 December 2018 while costs associated with the sale amounted to N$ 30 000 Required (a) Calculate the amount of the impairment loss or reversal of impairment loss (if any) that should be recognised in respect of the disposal group of Ochinene Limited on 31 December 2018 (10 marks) (D) Allocate the impairment loss (reversal) to the individual assets in the disposal group on 31 December 2018 (10 marks)