Entity A has a cash-generating unit (CGU) that suffers a large drop in income due to reduced demand for its products. An impairment review was carried out and the recoverable amount of the CGU was determined at $105,050. On 31 December 2022, the assets of the CGU had the following carrying amounts immediately prior to the impairment:

	$
Goodwill	15,000
Intangible assets	45,600
Plant	68,400
Inventory	23,900
Receivable	24,000
	176,900

The inventory and receivable are considered to be included in their recoverable amounts.

REQUIRED:

According to the relevant accounting standards, provide the journal entries for impairment loss recognition on 31 December 2022.

ACCOUNTS FOR INPUT:

| Road roller | Plant | Machine | Motor van | Land | Building | Inventory | Intangible assets | Bank |

| Payable | Receivable | Retained earnings | Other income | Other expense | Interest expense | Interest revenue |

| Depreciation | Accum. depreciation | Impairment loss | Reversal of impairment loss | Loss on disposal | Gain on disposal |

| Restoration liability | Goodwill | Revaluation surplus | Revaluation deficit | No entry |

ANSWERS:

Journal Entries:

For entering more than one asset on the Debit or Credit side, the sequence is as same as the sequence listed in the question.

Date	Account Name	Debit ($)	Credit ($)	Hints For Sequence
31-Dec-20				-
				-
				-
				-
				-
				-

Please fill the whole journal entries with names above. Thank you!