Solve this question as soon as possible please

The GLOBAL MECHANICAL Company runs sporting events such as Shooting tournaments and downhill skiing events in various countries. The company has been successful in the past in running events that attract a significant number of customers, and in the last 10 years GLOBAL MECHANICAL has always made a profit. There have decided to expand their operations and want to buy an Airplane for use in their logistics rather than paying high fares to Chartered Flights: Cost of the Plane will be $ 1,200,000 with a useful life of 10 years on 01/Jan/2010. There were some additional costs that were incurred for making the plane ready to use i.e., Import duties of $50,000, Legal costs of $35,000, Transportation Costs of $15,000, training costs of $ 25,000 and modification cost of $ 100,000. At the end of the year 31/12/2013 BOD of the company has decided to move towards revaluation model of accounting rather than following cost model. Market value of the plane was $ on 31/12/2013. a) Show the all the necessary Journal Entries at the start of the year and end of each year until 31/12/2013? b) From the Above-mentioned scenario of GLOBAL MECHANICAL Company, The company has faced a major problem in the plane its recoverable value @ 30. Jun.2014 became $ 550,000. Considering constant depreciation as mentioned of the above-mentioned period calculate its impairment loss? What is Impairment? Show the Journal Entries as at 30 June 2014?