The information that follows relates to equipment owned by Buffalo Limited at December 31,2023 : At December 31,2023, Buffalo discontinues use of the equipment and intends to dispose of it in the coming year by selling it to a competitor. It is expected that the costs of disposal will total $54,000. No. Account Titles and Explanation Debit Credit (1) Loss on Impairment 1998000 Accumulated Impairment Losses - Equipment (2) No Entry No Entry (3) Accumulated Impairment Losses - Equipment 324000 Recovery of Loss from Impairment Repeat the requirements in (a) above assuming that Buffalo is a public company that follows IFRS, and that the asset meets all criteria for classification as an asset held for sale. (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. List all debit entries before credit entries.)