The following is information relating to the copyright of Wamser Corporation as of December 31, 2014.

Cost $ 2,700,000

Carrying amount $ 2,350,000

Recoverable amount $ 1,500,000

Assume Wamser will continue to use this asset in the future. As of December 31, 2014, copyright has a remaining useful life of 5 years.

Requested:

a. make a journal entries (if any) to record asset impairment as at 31 December 2014.

b. make a journal entry to record the amortization costs for 2015.

c. The amount of copyright that can be restored as of December 31, 2015 is $ 1,600,000. Prepare the journal entries (if any) needed to record this increase in fair value.