Part A 6 marks) Smart Heart (SH'), a Cardiology clinic, acquired diagnostic equipment on January 1, 2019, for $650,000. SH adopts the cost model to account for the equipment. This equipment has been depreciated on the sum-of-the years-digits method over its 6-year useful life. There is $20,000 residual value at the end of the 6-year period. On December 31, 2020, SH observed impairment indicators for the equipment and an independent appraiser provided the following information. Value-in-use Fair value Cost of disposal $315,000 320,000 10,000 Requirement: A. Determine any impairment loss for the computers on December 31, 2020. (6 marks) Part B (9 marks) Healing Souls ("HS"), a yoga center, acquired air conditioners for its studios on January 1, 2019, for $600,000 cash. HS accounts the air conditioners as Equipment and elects to value them using revaluation accounting. The air conditioners are being depreciated on a straight-line basis over its 15-year useful life. There is no residual value. On December 31, 2019, the fair value of the air conditioners is determined to be $574,000. On December 31, 2020, the appraised value of the building approximates its carrying amount. Requirement: B. Prepare the journal entries for HS during 2019 to 2020. (9 marks)