Gemma Ltd is a large manufacturing company. It operates through a number of cash-generating units. At 30 June 2020, Gemma Ltd conducted an impairment test and as part of that exercise, the recoverable amount of a cash-generating unit was $13,540 and the carrying amounts of the assets were as follows: Machinery $ 18,000 Accumulated depreciation S (8,000) Patent $ 2,500 Goodwill $ 3,000 Inventory 1.520 Account Receivables S 1,870 S The receivables held were all considered as collectable. The inventory was measured according to AASB 102 Inventories. The patent has a fair value less costs of disposal of $2,430. Required Prepare the journal entries to account for any impairment loss at 30 June 2020, The receivables held were all considered as collectable. The inventory was measured according to AASB 102 Inventories. The patent has a fair value less costs of disposal of $2,430. Required Prepare the journal entries to account for any impairment loss at 30 June 2020. Templates for working and journal entry: Calculation of impairment loss: Allocation of impairment loss: Carrying Amount Allocation of Proportion Excess Net Carrying Amount Journal entry: Date Particulars Debit Credit