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On January 1, 2019 CMoo acquired Otto a company that operates a scenic railway along the coast of a popular tourist area. The summarized statement

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On January 1, 2019 CMoo acquired Otto a company that operates a scenic railway along the coast of a popular tourist area. The summarized statement of financial position at fair values of Otto on January 1, 2019, reflecting the terms of acquisition was: $000 Goodwill Operating License Property-train stations and land Rail track and coaches Two steam engines Purchase consideration 200 1,200 300 300 1,000 3.000 The operating license is for ten years. It was renewed on January 1, 2019 by the transport authority and is stated at the cost of its renewal. The carrying values of the property and rail track and coaches are based on their value in use. The engines are valued at their net selling prices. On February 1, 2019 the broiler of one the steam engines exploded, completely destroying the whole engine. Fortunately no one was injured but the engine was beyond repair. Due to its age a replacement could not be obtained. Because of the reduced passenger capacity the estimated value in use of the whole of the business after the accident was assessed at S2 million. Passenger numbers after the accident were below expectations even allowing for reduced capacity, market research report concluded that tourists were not using the railway because of their fear of a similar accident occurring to the remaining engine. In the light of this value in use of the business was reassessed on March 31, 2019 at $1.8 million. On this date Mick received an offer of $900,000 in respect of the operating license (it is transferable). The relisable value of the other net assets has not changed significantly Required: Calculate the carrying value of the assets of Otto (in CMoo's consolidated statement of financial position) at February 1, 2019 and March 2019 after recognizing the imnairment losses

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