Wilbern Ltd prepares to 30 June each year. On 1 March 2017, the company classifies a non-current asset as held for sale. The asset is eventually sold in July 2017. Calculate:
(i) Any impairment losses (or gains) that should be recognised in the for the year to 30 June 2017, and.
(ii) Any gain or loss on disposal that should be recognised in the for the year to 30 June 2018.
If the carrying amount of the asset at 1 March 2017, its fair value (less costs to sell) on that date and on 30 June 2017 and its disposal proceeds are as follows::
