At December $31,2020,$ the assets of Mandarin Company's cash$-$generating unit $($CGU$)$ that

include goodwill are shown below $($in millions$)$ on the company's statement of financial

position:

An impairment test indicates that the fair value less costs to sell of the CGU's assets is

$$1,100$ million and its value in use is $$1,000$ million. The assets are not separable$-$they must

be operated or sold together as a group. Assume that Mandarin Company uses IFRS.

Required:

a$.$ Determine the amount of impairment loss $($if any$).$ Round the amounts to the nearest

million $$.(2$ marks$)$

Amount of Impairment Loss:$\_$$

b$.$ Adjusting entry required to record impairment loss of CGU $($if any$).$ Round the

amounts to the nearest million $$.(4$ marks$)$