The cost of purchase of an item of property, plant and equipment was 90 000, straight line depreciation rate 10%, the item was taken into active use in Dec 20X1. After the 6th year of use, the item was remeasured (conversion factor was 2). After 8th year of use an impairment loss was recognized on the item due to loss of its business relevance the item was remeasured to its selling price of 30 000. At that moment the item was taken out of active use. Depreciations was accrued for the first time in January 20X2.

Required: Find the following categories: a) impairment loss of the item, b) balance of the revaluation reserve after recognition of the impairment loss, c) tax value (tax base) of the item after recognition of the impairment loss, d) amount of annual depreciation after remeasurement, e) accounting profit (or loss) on the sale of the item, taking into account that the selling price of the item in 9th year was 40 000