Sweet Acacia Landscaping Limited has determined that its lawn maintenance division is a cash-generating unit under IFRS. The carrying amounts of the divisions assets at December 31, 2020, are as follows:

Land		$28,000
Building		54,000
Equipment		33,000
Vehicles		22,000
Total		$137,000

The lawn maintenance division has been assessed for impairment and it is determined that the divisions value in use is $123,300, fair value less costs to sell is $92,000, and undiscounted future net cash flows are $161,000.

(b)

Prepare the journal entry, if any, to record the impairment at December 31, 2020, assuming that the divisions only individual asset that has a determinable recoverable amount is the building, which has a fair value less costs to sell of $50,000. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Do not round intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.)

Date	Account Titles and Explanation	Debit	Credit
December 31, 2020