As a result of its annual assessment of property, plant, and equipment for indications of impairment, an entity determines that equipment with a carrying amount of $42,000 (cost of $57,000; accumulated depreciation of $15,000 ) may be impaired due to technological obsolescence. Assume that the asset's value in use is determined to be $34,300 and its fair value less costs of disposal (of $2,700 ) is $36,400. In addition, the expected future undiscounted net cash flows from the use of the asset and its later disposal are estimated to be $39,900. (a1) Compare the accounting for impairment of the equipment under IFRS versus ASPE