On 1/1/2023, equipment was purchased at a value of 100,000 riyals. Its useful life is estimated at 10 years, and the scrap value is zero, and it is depreciated using the straight-line method. The company uses the cost model to value its assets. At the end of the fourth year, and as a result of indications of a decrease in the value of the equipment, the following data was provided to you: The expected selling price of the equipment is 52,500 riyals, the value in use is 54,000 riyals, and the undiscounted value of the future benefits of using the equipment is 50,000 riyals. At the end of the seventh year, the previous indicators of decline disappeared and the following data was available: The recoverable value is 30,000 riyals, and the undiscounted value of future benefits from the use of equipment is 29,000 riyals. Required: As per IFRS, answer all of the following questions: 1. What is the value of equipment depreciation expense for the first, second, third and fourth years? 2. What is the book value of the equipment at the end of the fourth year before calculating the impairment loss? 3. What is the value to be recognized as an impairment loss (if any) at the end of the fourth year? 4. What is the book value of the equipment at the end of the fourth year after calculating the impairment loss (if any). 5. What is the value of equipment depreciation expense for the fifth, sixth and seventh years? 6. What is the book value of the equipment at the end of the seventh year before calculating the reversal of the impairment loss? 7. What is the value of the reversal of the impairment loss at the end of the seventh year? 8. What is the book value of the equipment at the end of the seventh year after calculating the reversal of the impairment loss? 9. What is the value of equipment depreciation expense for the eighth, ninth and tenth years? 10. Draw a table showing the book value and equipment depreciation expense from the first year to the tenth year.