Question $1$

BlueWhale Ltd with its diverse business operations has identified that its retail division is a single cash$-$generating unit $($CGU$).$ As at $30$ June $2020,$ the carrying amounts of the CGU$$s assets are detailed below:

U$88$

Building $180$

Accm. Depreciation $-$ building $(80)$

Vehicle $100$

Accm. Depreciation $-$ vehicle $(40)$

Brand name $40$

Inventory $50$

Goodwill $10$

An independent valuer estimates the recoverable amount of the building to be $$90.$ At $30$ June $2020,$ based on expert prediction on market conditions and the CGU$$s past performance, the management concludes that the fair value of the CGU is around $$200.$ Costs directly associated with the CGU disposal is estimated at $$10.$ The present value of net cash inflows expected to be generated from the CGU is estimated to be $$200.$

For the fiscal year ending $30$ June $2021,$ the depreciation charges on building and vehicle were $$9$ and $$7,$ respectively. If building and vehicle had not been impaired the depreciation charges would have been $$11$ and $$10,$ respectively.

At $30$ June $2021,$ the recoverable amount of the CGU was calculated to be $$13$ greater than the carrying amount of the assets of the CGU. As a result, the company recognised a reversal of the previous year$$s impairment loss.

Required:,

$($a$)$ Provide the journal entries for the company according to AASB $136$ Impairment of Assets as at $30$ June $2020.$ Workings are not required.

$($b$)$ Provide the journal entries for the company at $30$ June $2021$ regarding the reversal of previous impairment loss. If necessary, round to $2$ decimal place.