explain

Coronado Landscaping Limited has determined that its lawn maintenance division is a cash-generating unit under IFRS. The carrying amounts of the division's assets at December 31, 2017, are as follows: Land Building Equipment Trucks 58,000 34,000 16,000 $134,000 The lawn maintenance division has been assessed for impairment and it is determined that the division's value in use is $122,000, fair value less costs to sell is $89,000, and undiscounted future net cash flows is $158,000. Prepare the journal entry, if any, to record the impairment at December 31, 2017, assuming that the division's only individual asset that has a determinable recoverable amount is the building, which has a fair value less costs to sell of $54,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Do not round intermediate calculations. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit December 31, 2017