Question $2$

The following information relates to a building which has been subject to an impairment review. The entity holds its buildings at re$-$valued depreciated cost.

$\backslash$table$[[,],[$Closing Revalued Cost,$200,000],[$Closing Accumulated depreciation,$50,000],[$Revaluation Reserve in respect of this asset,$5,000],[$Value in Use,$140,000],[$Fair value,$110,000],[$Selling costs,$2,000]]$

Required:

Determine the accounting entries required for the asset to be reported in compliance with IAS $36.$