A company has the following assets in a CGU:

Land: $$650,000$

Building: $$1,118,000$

Equipment: $$832,000$

Assume that due to a change in the competitive environment, the fair value less costs of disposal of the CGU is now estimated to be $$2,340,000.$ The present value of future cash flows is estimated to be $$2,300,000.$ Assume that the fair value of the land has been determined to be $$600,000.$

Required:

Prepare the journal entry to record the impairment under IFRS. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$