Impairment review in 2020 On 31 December 2020, the carrying amounts of one of its shops - Shop A (a cash generating unit (CGU)) were: S000 Goodwill 600 Shop property 4,000 Equipment 1,000 Cash 800 Account payables (100) Fair value less cost of disposal of the CGU 3,700 Value in use of the CGU 5,000 The recoverable amount of the shop property was $3,600,000 on 31 December 2020. (8 marks) With reference to the impairment of Shop A, answer the following questions. (a) Determine the impairment loss of the shop on 31 December 2020. Show your workings. (b) Determine the new carrying amounts of the assets of Shop A after impairment. Explain your calculations and show your workings (C) Suppose VGL plans to sell Shop Aas a disposal group in December 2020, Suggest any four additional disclosures that should be made in the notes to the financial statements of VGL in 2020 when HKFRS 5 Non-current Assets Held for Sale and Discontinued Operations is applied. (19 marks) (8 marks)