Question 2 Blue Moon Led has recorded the following assets as part of its building supplies manufacturing division. This division constitutes a single cash generating unit. The carrying amounts of the assets in this division at 30 June 2020 were: Factory 500,000 Accumulated depreciation (340,000) Equipment 220,000 Accumulated depreciation (120,000) Brand name 350,000 Goodwill 27,000 Cash 18,000 Inventory 15,000 The value in use of the division is determined to be $626,000, and the fair value less disposal costs of the division is measured at $620,000. The recoverable amount of the equipment is determined to be $98,000. Required Prepare the necessary journal entries to account for any impairment loss at 30 June 2020