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impairment of assets

On January 1, 2010, the company acquired an equipment for P8,000,000 with useful life of 25 years and no residual value. The company applied the cost model and uses straight line method was used in recording depreciation. The equipment's recoverable amounts are P6,500,000 and P4,110,000 for December 31, 2014 and December 31,2018 , respectively. The company decided to measure the asset using the revaluation model on December 31, 2021 in which the equipment had a fair value of P6,590,000. What amount should be reported as 2 points revaluation surplus on December 31 , 2014 ? Your answer What amount should be reported as 2 points impairment loss on December 31 , 2014? Your answer What is the carrying amount of the 2 points equipment on December 31, 2014? Your answer What amount should be reported as 2 points revaluation surplus on December 31 , 2018? Your answer What amount should be reported as 2 points impairment loss on December 31, 2018? Your answer What is the carrying amount of the 2 points equipment on December 31, 2021? Your answer What should be recognized as gain on 2 points reversal of impairment in 2021? Your answer What amount should be recognized 2 points as revaluation surplus on December 31,2021 ? Your answer What is the journal entry to record 5 points revaluation of the equipment in December 31, 2021? (Indicate debit and credit) Your

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