Question 11.2 Rummy Limited has been experiencing declining sales in the past year. It owns a single factory plant. Imagine each of the follow five scenarios relating to the plant at 31 December 20X2 (all amounts reflected in the table are measurements as at 31 December 20X2): Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Measurement model Cost Cost Revaluation Revaluation Revaluation model model model model model Actual carrying amount C23 000 C20 700 C27 600 C20 700 C20 700 Historical carrying amount C23 000 C23 000 C26 450 C23 000 C23 000 (depreciated cost) Recoverable amount C18 400 C27 600 C23 000 C27 600 C27 600 Fair value C15 000 C15 000 C27 600 Unknown C24 150 Depreciated fair value C24 150 Note 1: In scenario 4, the actual carrying amount at 31 December 20X2 depreciated fair value because it had been impaired in a prior year. See note 1 See note 2 is currently less than its Note 2: In scenario 5, the actual carrying amount at 31 December 20X2 is currently less than its depreciated fair value because it had been devalued in a prior year.