a. Compute the recoverable amount and determine if the cash-generating unit is impaired and if so, by how much. Round to the nearest dollar.

b. Assume that the divisions only individual asset that has a determinable recoverable amount is the land, which has a fair value less costs to sell of $20 million. Prepare the journal entry to record the impairment at December 31, 2020, if any. Round to the nearest dollar.

c. Restate the divisions asset values for land, building, equipment, trucks, goodwill and in total after the December 31, 2020 entry has been made.

MD Landscaping Solutions Ltd. has determined that its lawn maintenance division is a cash-generating unit under IFRS. The carrying amounts of the division's assets at December 31, 2020 are as follows: Land Building Equipment Trucks Goodwill In Millions $ $ 18 50 30 15 7 120 The lawn maintenance division has been assessed for impairment due to the presence of indicators. Its fair value less costs to sell is $75 million, while the value in use has been determined to be $12 million per year for 10 years, and the company uses a 4% discount rate (ignore taxes)