Halbrook Ltd reported the following information in its statement of financial position at 30 June 2021:

Plant Accumulated depreciation plant Intangible assets Accumulated amortisation Land Total non-current assets Cash Inventory Total current assets Total assets Liabilities Net assets

$650 000 (150 000) 300 000 (100 000) 300 000 000 000 10 000 170 000 180 000 180 000 100 000 080 000

1

$1

$1

At 30 June 2021, Halbrook Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets. It determined that there were indications of impairment. Halbrook Ltd calculated the recoverable amount of the assets to be $930 000. Required

A. Calculate the Impairment loss at 30 June 2021. B. AllocatetheImpairmentloss. C. Provide the journal entry for impairment loss.