A business which comprises a single cash-generating unit has the following assets. $'m Goodwill 3-5 Patent 5 18 Property 15 Plant and equipment Net current assets 2 Following an impairment review it is estimated that the value of the patent is $2 million and the recoverable amount of the business is $26 million. Required: Explain, with journal entry, how to account for above transactions in accordance to IAS 36: Impairment of asset? (20 marks)