Ben Ltd determined that its Singapore division is a cash-generating unit.The carrying amounts of theassetsat 30 June 2020 are as follows;

Building: $380,000

Land: $270,000

Patent: $30,000

Goodwill: $50,000

Inventory: $20,000

As per the valuation of financial controller of Ben Ltd, the value in use of the Singapore division accounted to $625,000.

Required:

A.Determine the impairment loss?

B.The amount of impairment loss allocated to Building, Land, Patent, goodwill and inventory.

C.Journal entry torecordallocated impairment loss to each asset?

Determine the total impairment loss of Land and Patent if the fair value less cost dispose of building is $350,000.