Provide the journal entry to record the impairment loss (if any) above.

Chapter 9 and 10 Assignment Name QUESTION 7-Allocating impairment loss The assets of the DEF Inc. (a separately incorporated entity fully owned of subsidiary GHI ransport Inc) showed the following asset carrying values on December 31s, 2014 (in millions): S100 S2 ash ccounts Receivable nventories ropert Patents (net Goodwill $200 $2 y, Plant &Equipment (net) Total S425 On December 31s, 2014, the fair values of the assets listed above were as follows: Cash Accounts Receivable $10 $1 nventories y, Plant & Equipment (net) atents (net) otal Both DEF and GHIl Inc. adhere to IFRS Provide the journal entry to record the impairment loss (if any) above. Debit Explanation Account PR Credit Date