Impairment of Assets Fiery Ltd is a company that is operated through two divisions, namely Green Ltd and Dragon Ltd. These divisions were regarded as separate cash-generating units. The assets of the two uestiorn 15 Marks divisions at 30th June 2018 were as follows Green Ltd (S Dragon Ltd ($ 64 000 145 000 30 000 220 000 20 000 36 000 15 000 $430 000 Land Plant Accumulated 100 000 280 000 60 000 160 000 40 000 60 000 20 000 S520 000 ciation uipment Accumulated D ecation nve Goodwill Fiery Ltd had a corporate headquaters carried at an amount of $100 000. This asset could not be allocated on a reasonable basis to the cash generating units. At 30h June 2018 there were indications that the assets of company may be impaired. The company calculated the recoverable amounts to be as follows: Fiery Ltd Green Ltod Dragon Ltd S973 000 S478 000 $420 000 The inventory had fair values less costs of disposal greater than the current carrying amounts. The land held by Green Ltd had fair value less costs of disposal of $97 000 Required Prepare the journal entries at 30h June 2018 to record the accounting for the impairment losses (15 marks)