Question 2: A company acquired new software for a robot that would revolutionise its manufacturing process. The costs were: 1. Calculate the cost of this intangible asset? 2. The software was amortised at the rate of 20% using reducing balance method. After three years, its fair value was 5,100 and estimated cost to sell was 100 . The value in use of the software at that time was 4,950 . In the year, there was an economic crisis and the company wished to make an impairment review for its assets. Is there impairment loss of the software? If yes, calculate and explain your work