Transcranes LLC rents out cranes to customers in Dubai. These cranes were bought on 1 January 2017 for AED1,500,000 and were depreciated at 20% per annum on cost.

There was an economic downturn in the second year and the business was badly hit. On 31 December 2018, the fair value less cost to sell of these cranes was AED750,000 and the value in use was AED680,000.

Question: Draft the balance sheet extracts for each of the years ending 31 December 2017 to 2019 (as at 31 December 2019 if the demand for cranes picked up and cranes now have the respective recoverable amount of AED650,000. (Show all workings)