The company purchased the equipment on October 1, 20X1 for $100,000, and estimated that the equipment will use for 5 years and has a residual value of $2,000. The equipment has the following capacity: 10,000 service hours. December 31 is the reporting date. The equipment provided 600 and 2,200 service hours in 20X1 and 20X2, respectively. Required: Calculate depreciation expense for 20X1 and 20X2 using different methods in the following table 20X1 20X2 Straight-line Double-declining-balance 20. The company provided the data of PP&E in a cash-generating unit (CGU) as follows: Equipment A Equipment B Equipment C Cost $ 15,000 30,000 45,000 Activity method Accumulated Depreciation $ 8,000 19,000 23,000 The unit's fair value less costs to sell was $25,000. The unit's future cash flows was $32,000, and its present value was $28,000. The company adopted IFRS. Required: (1) Prepare journal entries to record impairment. (2) If the recoverable amount of Equipment C is $19,000, prepare journal entries to record impairment. (3) If the recoverable amount of Equipment C is $24,000, prepare journal entries to record impairment