need the solution of part B

The information that follows relates to equipment owned by Bonita Limited at December 31, 2023: At December 31, 2023, Bonita discontinues use of the equipment and intends to dispose of it in the coming year by selling it toa competitor. It is expected that the costs of disposal will total $43,500. (a1-a3) Assume that Bonita is a private company that follows ASPE. (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Fntry' for the account tilles and enter O for the amounts. List all debit entries before credit entries) Assume that Bonita is a private company that follows ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) 1. Prepare the journal entry at December 31,2023 , to record asset impairment, if any. 2. Prepare the journal entry to record depreciation expense for 2024 . 3. Assume that the asset was not sold by December 31, 2024. The equipment's fair value (and recoverable fyount) on this date is $5.66 million. Prepare the journal entry, if any, to record the increase in fair value. It is expected that the costs of disposal will total $43,500. Repeat the requirements in (a) above assuming that Bonita is a public company that follows IFRS, and that the asset meets all criteria for classification as an asset held for sale. (Credit account titles are automotically indented when the amount is entered. Do Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)