need this asap. will upvote

1. On December 31, 20x1, Entity A determines that its building is impaired. Entity A gathers the following information: After the impairment, the building is assessed to have a remaining useful life of six years and no residual value. How much is the impairment loss?*

Building 2,000,000 Accumulated depreciation 600,000 Fair value less costs of disposal (FVLCD) 900,000 Value in use (VIU) 1,080,000

A. 270,000 B. 180,000 D. 320,000 D. 500,000

2. On January 1, 20x1, Entity A receives a financial aid from the government amounting to P1M as compensation for losses it has incurred on a recent calamity. How much income from government grant will Entity A recognize in 20x1?

A. 1,000,000 B. 53,334 C. -0- D. 100,00