‘Numbers 43 and 44 ‘An entity presented the following information relating toa machine on December 31, 2018: Cost 9,000,000 ‘Accumulated depreciation 1,000,000 Value in use 7,000,000, Fair value less cost of disposal 4,400,000, ‘The entity tested the machine for impairment on December 31, 2019. The machine has « remaining life ‘of 4 years on such date. On December 31, 2020, it was determined that the recoverable amount ofthe ‘machine was P5,800,000, 43. What amount of impairment loss should be recognized in 2019? & 4,600,000 '. 2,000,000 3,600,000 4. 1,000,000 ‘44, What amount of gain on reversal of impairment loss should be recognized in 20207 2,700,000 '. 2,500,000 e. ‘350,000 750,000 ‘Numbers 48 and 46 (On January 1, 2019, an entity purchased land and building for a research and development laboratory at 40st of P600,000 and P3,200,000 respectively. The building had a useful life of 20 years and no residual value, Management had considered that majority of the R&D projects taken will result in long-term benefits, meaning, costs for these projects were incurred after technical feasibility. The remaining projects were either abandoned or still in process. The entity provided the following costs incurred pertaining to the research and developraent activities: Salaries Other expenses (excluding depreciation) Completed projets (long-term benefits) 900,000 500,000 Abandoned projects 650,000 150,000 Projects in process 400,000 120,000 45. What amount of research and development expense should be recognized for 20197 a. 1,320,000 ’. 1,480,000 fe. 4,526,000 . 5,120,000 46. What is the carrying amount of the assets related to research and development on December 31, 20197 . a 3,600,000 ; bb. 3,500,000 5,040,000 4. 1,400,000