Adelaide Ltd reported the following assets in its statement of financial position at 30 June 2020.

Plant	$ 600 000
Accumulated depreciation - plant	(150 000)
Land	250 000
Inventories	200 000
Cash	50 000

At 30 June 2020, Adelaide Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets and determined that there were indications of impairment. The recoverable amount of their assets, considered to be a single CGU, was calculated to be $800 000.

Required:

Prepare the journal entries for any adjustments relating to impairment on 30 June 2020.

Adelaide Ltd reported the following assets in its statement of financial position at 30 June 2020.

Plant	$ 600 000
Accumulated depreciation - plant	(150 000)
Land	250 000
Inventories	200 000
Cash	50 000

At 30 June 2020, Adelaide Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets and determined that there were indications of impairment. The recoverable amount of their assets, considered to be a single CGU, was calculated to be $800 000.

Required:

Prepare the journal entries for any adjustments relating to impairment on 30 June 2020.