Brown Ltd acquired the net assets of Green Ltd on 1st January 2020. The operations of Green Ltd are conducted through three separate divisions. Brown Ltd has determined that these divisions are separate cash-generating units for the purposes of IAS36. Whilst each division is run with a substantial degree of autonomy, Green Ltd maintains a head office (recorded at $800 000) to coordinate the activities of the various divisions and attend to various corporate matters. The head office is regarded as a corporate asset under IAS36. Goodwill arising on the business combination was $300 000. Goodwill is expected to equally benefit each division. Green Ltd also allocates any corporate assets to the CGU’s on a pro-rata basis based on the total carrying amounts of the CGU’s assets. At 31st December 2020, the following assets were recognized for each CGU (excluding any goodwill and corporate assets):

	CGU 1	CGU 2	CGU 3
CASH	250000	280000	275000
ACCOUNTS RECEIVABLE	85000	72000	78000
INVENTORY	128000	132000	116000
PLANT	500000	600000	620000
ACCUMULATED DEPRECIATION	(100000)	(120000)	(124000)
MACHINERY	745 000	721000	686000
ACCUMULATED DEPRECIATION	(294 000)	(288400)	(274400)
FURNITURE AND FITTINGS	250000	185000	228000
ACCUMULATED DEPRECIATION	(62500)	(46250)	(57000)
LAND	500000	615000	725000
BUILDINGS	410000	475000	415000
ACCUMULATED DEPRECIATION	(123000)	(142500)	(124500)

Additional Information:

 Machinery attributable to CGU 1 has a fair value less costs to sell of $345,110.

 Machinery attributable to CGU 2 has a fair value less costs to sell of $725,000.

 Machinery attributable to CGU 3 has a fair value less costs to sell of $299,120.

 Buildings attributable to CGU 3 has a value in use of $229,940.

 Fair value less costs to sell of buildings attributable to CGU 2 and 3 is not determinable.

 CGU 1 has a value in use of $1,650,000 and FVLCTS of $1,788,526.

 CGU 2 has a value in use of $2,890,568 and FVLCTS of $2,650,000.

 CGU 3 has a value in use of $1,980,457.

 Depreciation expense on plant for the year ended 31/12/2020 is yet to be recorded for all three CGU’s. The company depreciates plant at the rate of 10% per annum on cost.

 Green Ltd also allocates any corporate assets to the CGU’s on a pro-rata basis based on the total carrying amounts of the CGU’s assets prior to recognizing any goodwill.

Required:

1. Calculate and allocate the impairment loss (if any) to the various CGU’s under IAS36.

2. Prepare the journal entries necessary to account for the impairment losses (if any) for each of the assets under the three cash-generating units