QUESTION FOUR (30 MARKS) A plant has a cost of R1 000 000 and accumulated depreciation of R 300 000 at the end of year 3. The fair value less costs to sell of the plant is R650 000. The following figures show the expected cash flows from the use of the plant, and discounting thereof. Table: 1 R' 000 Future Cash Flows Present value of future cash flows discounted at 12% Year 4 =420 Year 5 =570 Year 6=380 Year 7= 450 Year 8=510 Year 9 =510 Year 10= 480 Determine whether the plant is impaired or not by using the information given,

NB//show all calculations