(b) Grace Limited acquired business (cash-generating units) of Venus Limited on 31st March 2023 for ₹8,000 Lakhs. The details of acquisition are as under: Fair value of identifiable asset: ₹6,000 Lakhs Goodwill (to be amortized in 5 years): ₹2,000 Lakhs The anticipated useful life of acquired assets is 8 years with no residual value. Grace Limited uses straight-line method of depreciation. On 31st March 2025, Grace Limited estimated significant decline in production due to change in Government policies, the net selling price of identifiable asset is ₹3,000 lakhs. Grace Limited closes its books on 31st March of each year. The cash flow forecast based on recent financial budget for next 6 years are: Year Estimated cash flow (₹ in Lakhs) 2025-2026 1,000 2026-2027 800 2027-2028 700 2028-2029 800 2029-2030 600 2030-2031 500 You are required to calculate: Value in use if discounting rate is 10% on 31 March 2025. Impairment loss to be recognized for the year ended 31 March 2025. Revised carrying amount of asset on 31 March 2025. (P.V. factor @ 10%: 0.909, 0.826, 0.751, 0.683, 0.621, 0.564)