Speed Runner Company has acquired huge machinery at a cost of $150,000 (with no breakdown of the component parts). The estimated useful life is 8 years. At the end of the fifth year, the main engine requires replacement, the remainder of the machinery is perfectly roadworthy and is expected to last for the next three years. The cost of a new engine is $85,000 with discounted amount of $74,700 (discounted back seven years with rate 6%). Required: Compute the cost of the machinery (2 Points) * The value must be a number 26 If ABC company had an asset with carrying amount of $44,000 at end of year 2019, and at the same date the company determined the fair value for that asset with $47,000 and its value in use with 42,000. Required: compute the impaired loss (if it found). * (3 Points) Enter your