Q2.1 5 Points On 30 June 2021, the carrying amounts of the assets of a CGU are as follows: Assets Cash Accounts Receivable Allowance for doubtful debts Inventories Machinery Accumulated depreciation - machinery Building Accumulated depreciation - building Goodwill $10,000 $30,000 ($5,000) $50,000 $200,000 ($80,000) $400,000 ($120,000) $25,000 Additional information on 30 June 2021: The recoverable amount of the unit is assessed to be $460,000. The receivables are considered to be collectable, except those considered doubtful. The fair value of building is $265,000. Required: Prepare all necessary journal entries to record the impairment loss of the CGU for the year ended 30 June 2021.Ignore any tax effect. Q2.2 4 Points In the 30 June 2021 annual report of Tony Ltd, the plant was reported as follows: $ 200 000 Plant (at cost) Accumulated depreciation 40 000 160 000 The plant is depreciated on a straight-line basis over a 10-year period with the residual value of zero. Tony Ltd adopts the revaluation model for the plant. The company finds out that the plant has a fair value of $140,000 on 30 June 2021. On 30 June 2022, the fair value of the plant is assessed to be $145,000. Required: Prepare all necessary journal entries associated with the revaluation of the plant for the year ended 30 June 2022.Ignore any tax effect. Please select file(s) Select file(s) Q2.3 2 Points Net Ltd acquired Web Ltd on 25 June 2021. At the date of acquisition, Web Ltd had a research and development project with a cost of $35,000. After the acquisition, Net Ltd decides to continue the research and development project and incurs a cost of $20,000 for the project in year ended 30 June 2022. Required: Discuss how Net Ltd should treat the costs of the research and development project at the acquisition date and after the acquisition date in accordance with AASB 138 Intangible Assets. Enter your answer here