Collins Ltd. has the following assets in a Cash Generating Unit (CGU) at carrying value: Land: $1,250,000, Building: $2,000,000, and Equipment: $1,750,000 Assume that due to a change to the political landscape, the fair value less costs of disposal of the Cash Generating Unit (CGU) is now estimated to be $3,900,000. The present value of future cash flows is estimated to be $4,100,000. There is no impairment at the individual asset level. Required: Prepare the journal entry to record the impairment under IFRS. Select from these accounts: Building Equipment Impairment loss Land