1. Information has been collected regarding Pindea companys cash-generating until that includes goodwill. At December 31, 2018, the assets of the Pindea companys cash-generating unit are shown as follows on the companys statement of financial position.

Cost Accumu Depre NBV

Goodwill $25,000 $0 $25,000

Equipment 126,500 30,850 95,650

Building 505,000 200,150 304,850

Patent rights 30,000 18,500 11,500

$ 686,500 $ 249,500 $ 437,00

An impairment test indicates that the fair value of Pineda Companys cash-generating units assets is $350,000. The assets are not separable they must be operated or sold together as a group.

Required

Indicate the net book value of each asset after the write down and prepare an adjusting journal entry to record the impairment.