Pinas Construction & Paving expanded its business by purchasing Alcott Maintenance, a division that provides road maintenance services. The division was purchased three years ago for $3,274,000 and has been identified as a reporting unit. The net assets for the division including goodwill are as follows:

Cash		$252,000
Accounts Receivables		329,000
Inventory		906,000
Property, Plant & Equipment		1,037,000
Goodwill		1,137,000
Accounts Payable		(125,000	)
Unearned Revenue		(77,000	)
Net assets, at carrying amounts		$3,459,000

The fair value of the Alcott Maintenance Division reporting unit as a whole is estimated to be $3,680,000. Management determines that the units value in use is $3,783,000.

Prepare any appropriate journal entries for goodwill impairment assuming that Pina Construction & Paving is reporting under ASPE. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit

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List of Accounts

Prepare any appropriate journal entries for goodwill impairment assuming that Pina Construction & Paving is reporting under IFRS. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit