show all your work separately by each questions and make sure your answer had considered all relevant assets

One of the cash-generating units of Gotcha Fish Ltd is associated with the manufacture of fishing equipment. At 30 June 2020, Gotcha Fish Ltd believed,based on an analysis of economic indicators, that the assets of the unit may be impaired. The carrying amountsof the assets and liabilities of the unit at 30 June 2020 were:

Cash	$ 40,000
Trade Receivables	20,000
Allowance for doubtful debts	(5,000)
Inventory	80,000
Plant	230,000
Accumulated depreciation - plant*	(50,000)
Buildings	480,000
Accumulated depreciation - buildings**	(240,000)
Land	100,000
Goodwill	25,000
Accounts payable	40,000
Loans	35,000

*depreciated at (p.a.) $50,000

**depreciated at (p.a.) $60,000

Gotcha Fish Ltd determined the value in use of the unit to be $605,000. The trade receivables were considered to be collectable, exceptthose considered doubtful.The plant had a fair value less costs to sell of $170,000. The company allocated the impairment loss in accordance with AASB 136.

During the 2020-21 period, Gotcha Fish Ltd increased the depreciation charge on plant to $55,000

p.a. and to $65,000p.a. for the buildings. The inventory on hand at 1 July 2020 was sold by the end of the year. At 30 June 2021, GotchaFish, because of an observable return in the market of the use of fishing equipment, assessed the recoverable amount of the cash-generating unit to be $50,000 more than the carryingamount of the unit. As a result,Gotcha Fish Ltd recognised a reversal of the impairment loss. At 30 June 2021, the recoverable amount of the land was $95,000.

Required:

1. Determine if the assets of the CGU are impaired and, if so, by how much. Show all workings

1. Calculate the allocation of any impairment to the assetsof the CGU. Show all workings and

explain, with reference to AASB 136, your treatment of various items.

1. Provide the relevant journal entries for 30 June 2020.

1. Determine the allocation of the impairment reversal in 2021. Show all workings and explain, with reference to AASB 136, your treatment of various items.

1. Provide the relevant journal entries for 30 June 2021.