[Physical Assets: Damage and Re-evaluation]: !! please include the process of solving them in the answer to the submissi

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[Physical Assets: Damage and Re-evaluation]:
!! please include the process of solving them in the answer to
the submission.
Den company acquired the machinery on January 1, 20x1 for
$1,000,000. The content of the mechanism is 10 years, and there is
no residual value. The depreciation method is a semen method, and
the company is applying a re-evaluation model.
(1) 20x1 The fair value at the end of the year is
$1,080,000.
(2) At the end of 20x2, there are signs suggesting asset damage,
and the impairment differential is recognized, and the fair value
and recoverable amount at the end of each accounting period are as
follows.
Nine minutes
At the end of 20x2
At the end of 20x3
Fair Value
720,000
750,000
Recoverable Value
600,000
682,500
(3) Accounting for the revaluation shall be done by way of
eliminating the depreciation amount, and the reassessment surplus
shall be replaced by a profit surplus when the asset is
removed.
(Question 1) Calculate the reassessment surplus at the end of
20x1.
(Question 2) Calculate the impact on the profit and loss of the
Comprehensive Income Statement at the end of 20x2.
(Question 3) Calculate the impact on the comprehensive income
statement at the end of 20x3 on the profit and
loss.