Please help me answer these questions problem 32-1 to 32-3 with solutions. Thank you.

PROBLI Problem 32-1 (IFRS) Problem 32-3 (IFRS) in Octoba coana Company accounted 20oncurrent assets using the cost model. On ber 1, 20, the entity classified a noncurrent asset as held for sale Affable Company Purchased an equipment for P5,000,000 on At that date, the carrying ,, ornt was with no residual value. Armuary 1, 2020. The equipment had a useful life of 5 years P3,200,000, the fair P200,000. porue was estimated at P2,and the cost of disposal at on December 31, 2020, the entity classified the equipment on December 15. 2020, the annet was sold for net proceeds of s held for sale In such date, the fair value less cost Of osal of the equipment was p3,500,000. P1,850,000. what amount should be incgived as an impairment loss in on December 31, 2021, the entity believed that the criteria for classification as held for sale The statement of comprehensiveincome for the year ended Accordingly, the entity dec I sale can no longer be met, December 31, 2020? but to continue to use it. Cided not to sell the equipment a. 1,000,000 b. 1,200,000 on December 31, 2021, the fair value less cost of disposal of the equipment was P2,700,000. C. 1,350,000 d 0 What is the carrying amount of the equipment on December 31, 2020 before classification as held for sale? a. 5,000,000 Problem 32-2 (IFRS) b. 4,000,000 Arlene Company accounted Too oncurrent assets using the C. 3,500,000 post model. On October 30's1 20, the entity classified a d. 4,500,00Q noncurrent asset as he 2. At that date, the carrying a ant was P1,500,000, the fair 2020? What amount of impairment loss should be recognized in palue was estimated at Pi, 100,000 and the cost of disposal at a. 1,500,000 P150,000. b. 1,000,000 On November 20, 2020, the asset was sold for net proceeds of C. 500,000 0 P800, 000. 550,000 4. What amount should be reported as impairment loss for 2020? 3. V What amount should be recognized as gain or loss in 2021 as a result of the reclassification of the equipment to a. property, plant and equipment? b. 400,000 a. 800,000 gain bis C. 700,000 b. 800,000 loss 0 300,000 gain 2. 550,000 What amount should be reported as loss on disposal in 2020? d. 300,000 gain a. 4. b. 700, 000 What is the adjusted carrying amount of the equipmen on December 31, 2022? C. 150,000 a. 2, 700,000 0 b. 1,800,000 682 C. 2,000,000 d. 3,000,000 683