Sayang Selalu Bhd acquired a non-current asset on 1 January 2019. The asset has an estimated useful life of 5 years with a cost of RM3,500,000. The impairment test was made on 31 December 2020 with the fair value of the asset less costs to sell was RM750,000. The value in use was RM1,053,131. 7. Determine the amount of impairment loss in accordance with MFRS 136 Impairment of Assets. a. RM2,100,000 9. 8. b. RM1,053,131 C. RM3,500,000 d. RM1,046,869 (2 marks) In what condition does the non-current asset of Sayang Selalu Bhd being impaired? a. When the asset has been used. b. C. d. The amount to be recovered through use (or sale) of the asset is equal to the carrying amount. The carrying amount exceeds the amount to be recovered through use (or sale) of the asset. The carrying amount less than the amount to be recovered through use (or sale) of the asset. (2 marks) Which of the following indicator does not reflect the external indicators in assessing the impairment in accordance with MFRS 136 Impairment of Assets? a. b. PA C. d. Significant change on the use or expect to use of the asset. Significant increase in interest rates that will likely reduce the asset's recoverable amount Significant change in asset's market capitalization. Significant changes in technology, market, law or economy with an adverse effect on the entity. (2 marks)