Cost 800,000.

00
Less: Acc. Depreciation - 300,000.00
Carrying amount 500,000.00
Recoverable amount 200,000.00
Impairment loss - 300,000.00

Journal entry
Dr. Impairment loss 300,000.00
Cr. Accumulated depreciation 300,000.00

Cost 800,000.00
Less: Acc. Depreciation - 300,000.00
Less: Acc. Depreciation - impairment - 300,000.00
Carrying amount - Jan. 1, 2020 200,000.00
Less: Depreciation expense - 2020 - 40,000.00
Carrying amount - Dec. 31, 2020 160,000.00