Exercise 12.1 IMPAIRMENT LOSS Bronze Ltd has determined that its fine china division is a cash-generating unit. The carrying amounts of the assets at 30 June 2009 are as follows: Factory Land Equipment Inventory Bronze Ltd calculated the value in use of the division to be $510 000. Required $210000 150000 120000 60000 Provide the journal entry(ies) for the impairment loss, assuming that the fair value less costs to sell of the land are (a) $140 000 and (b) $145 000