Tulip Bhd financial year ends 31 December every year. Tulip Bhd owns and operates a laboratory equipment to manufacture healthy snacks. The equipment was bought on 1 July 2014 at a cost of RM1.000.000. The estimated useful life of the equipment is 10 years. Equipment is depreciated using straight line method and based on period of ownership, measured using cost model. Following a widespread adverse publicity of fake claims on healthy products in the market, the demand for all healthy products dropped substantially. An impairment test of its equipment was made on 1 July 2018. The estimated present value of future cash flows of the equipment was RM530,000. Its fair value was RM575,000 and selling cost was RM25,100. In 2019, the demand for healthy products increase as the Ministry of Health were promoting healthy lifestyle among citizens. On 1 July 2019 the recoverable amount was RM600,000, Determine the impairment loss and the depreciation for the year ended 31 2 points December 2018.* O Impairment loss RM50,100 : Depreciation RM95,825 O Impairment loss RM100: Depreciation RM10,000 Impairment loss RM50,100 : Depreciation RM45,825 O Impairment loss RM100: Depreciation RMO