Q4) The Sky Company purchased a machine for 600.000 $ on 1.1.2014. The company determined that it has no residual value, and its useful life is 10 years. The company uses straight line depreciation method and for the valuation it employs cost method. At the end of 2016 the company suspected of an impairment and made an impairment test and found that the machine had a net selling price (fair value) of 240.000 $, and the value in use was 350.000 $. There is no change on the original useful life and residual values. On 31.12.2017 the company realized that the impairment was reversed, and the recoverable amount calculated for 410.000 $