On December 31, 2020, Shell Corp, a publicly accountable entity found that a CGU had possible indicators of impairment.
As such an impairment test needs to be conducted. The relevant data on the CGU is as follows:
		Carrying values:	Fair Values:
	Land	750,000	1,000,000
	Building	1,500,000	1,350,000
	Equipment	600,000	80,000
	Goodwill	550,000	n/a
		3,400,000	2,430,000
	Value in use	2,600,000
Costs to sell would amount to 6% of the fair values of the assets
Required-
Calculate the impairment loss (if any) for the CGU. If there is an impairment loss for the CGU, allocate the loss to the assets of the CGU. No journal entries required just perform the calculations/allocations.