Superbank Ltd. acquired some machinery at a cost of 2,250,000. As at 30 June 2014, the machinery had accumulated depreciation of 450,000 and an expected remaining useful life of 4 years. On 30 June 2014, it was determined that the machinery's sales value is 1,300,000 and that the costs associated with making the sale would be 60,000. Alternatively, the machine could be used internally for another 4 years and it is expected that the net cash flows to be generated from the machine will be 440,000 over each of the next four years. It is assessed that at 30 June 2014 the market required a rate of return of 5% on this type of machinery. a) Determine whether any impairment loss needs to be recognized in relation to the machinery and, if so, provide the appropriate journal entry at 30 June 2014. b) Provide the appropriate journal entry to account for depreciation in 2015