please solve b1-b3

The information that follows relates to equipment owned by Sweet Acacia Limited at December 31, 2023: At December 31, 2023, Sweet Acacia discontinues use of the equipment and intends to dispose of it in the coming year by selling it to a competitor. It is expected that the costs of disposal will total $46,500. Assume that Sweet Acacia is a private company that follows ASPE. (Credit account tities are automatically indented when the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the occount titles and enter 0 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 amount) on this date is $6.05 million. Prepare the journal entry, if any, to record the increase in fair value. It is expected that the costs of disposal will total $46,500. No. Account Titles and Explanation (1) Loss on Impairment 1720500 Accumulated Impairment Losses- Equipment 1720500 (2) No Entry No Entry (3) Accumulated impairment Losses- Equipment 284000 Recovery of Loss from impairment 284000 Repeat the requirements in (a) above assuming that Sweet Acacia is a public company that follows IFRS, and that the asset meets all criteria for classification as an asset held for sale. (Credit account tidies are automatically indented when the amount is entered. Do not indent manually If no entry is requlred, select "No Entry" for the account titles and enter Ofor the amounts, List all deblt entries before credit entries) The information that follows relates to equipment owned by Sweet Acacia Limited at December 31, 2023: At December 31, 2023, Sweet Acacia discontinues use of the equipment and intends to dispose of it in the coming year by selling it to a competitor. It is expected that the costs of disposal will total $46,500. Assume that Sweet Acacia is a private company that follows ASPE. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "To Entry" for the account titles and enter O for the amounts. List all deblt 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 amount) on this date is $6.05 million. Prepare the journal entry, if any, to record the increase in fair value. It is expected that the costs of disposal will total $46,500. No. Account Tiles and Explanation (1) Accumulated Impairment Losses - Equipment 1720500 (2) No Entry No Entry (3) Recovery of Loss from Impairment \begin{tabular}{l} 284000 \\ \\ \hline \end{tabular} eTextbook and Media List of Accounts Repeat the requirements in (a) above assuming that Sweet Acacia is a public company that follows IFRS, and that the asset meets all criteria for classification as an asset held for sale. (Credit account tities are automatically indented When the amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account tilles and enter 0 for the announts, List all deblt entries before credit entries)