please do step by step and i have posted the list of accounts for ascounts and explanation .. please your make your answer clear

The information that follows relates to equipment owned by Bonita Limited at December 31, 2020: Cost Accumulated depreciation to date Expected ture net cash flows (undiscounted) Expected future net cash flows discounted value in use) Fair value Costs to sell costs of disposat) $9.990,000 1,110,000 7.770,000 7,048,500 6,882,000 55.500 At December 31, 2020, Bonita 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 $55,500. Assume that Bonita is a private company that follows ASPE. (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 o for the amounts.) Prepare the journal entry at December 31, 2020, to record asset impairment, if any. 2. Prepare the journal entry to record depreciation expense for 2021. 2. Assume that the asset was not sold by December 31, 2021. The equipment's fair value and recoverable amount) on this date is $7.22 million. Prepare the journal entry, if any, to record the increase in fair value. It is expected that the costs of disposal will total $55,500. Crud 12 SHOW LIST OF ACCOUNTS LINK TO TOT CENK TO TEXT LINK TO TEXT Repeat the requirements in (a) above assuming that Bonita 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 o for the amounts.) T Assume that Bonita is a private company that follows ASPE. (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 o for the amounts.) Prepare the journal entry at December 31, 2020, to record asset impairment, if any. 2. Prepare the journal entry to record depreciation expense for 2021. 3. Assume that the asset was not sold by December 31, 2021. The equipment's fair value and recoverable amount) on this date is $7.22 million. Prepare the journal entry, if any, to record the increase in fair value. It is expected that the costs of disposal will total $55,500. Det Chede No Account the ind plast (1) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Repeat the requirements in (a) above assuming that Bonita 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 o for the amounts.) Acest Titles and Explomat Debit Cri (1) SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Accumulated Impairment Losses - Mine Accumulated Impairment Losses - Patents Accumulated Impairment Losses - Vehicles Asset Retirement Obligation Buildings Cash Common Shares Contribution Expense Cost of Goods Sold Deferred Revenue - Government Grants Depreciation Expense Equipment Exploration Expense Furniture Gain on Disposal of Vehicles Gain on Disposal of Building Gain on Disposal of Equipment Gain on Disposal of Furniture Gain on Disposal of Machinery Gain on Disposal of Vehicle Gain on Disposal of Land Interest Expense Interest Payable Inventory Investment Property Land Loss on Disposal of Vehicles Loss on Disposal of Building Loss on Disposal of Equipment Loss on Disposal of Machinery Loss on Disposal of Land Loss on Disposal of Vehicles Loss on Expropriation Loss on Impairment Machinery Mineral Resources No Entry Notes Payable Oil Property Recovery of Loss from Impairment Repairs and Maintenance Expense Retained Earnings Revaluation Surplus (OCI) Revenue - Government Grants Royalty Expense Vehicles Accumulated Depletion Accumulated Depreciation - Vehicles Accumulated Depreciation - Buildings Accumulated Depreciation - Equipment Accumulated Depreciation - Furniture Accumulated Depreciation - Machinery Accumulated Depreciation - Vehicles Accumulated Impairment Losses - Building Accumulated Impairment Losses - Equipment Accumulated Impairment Losses - Land Accumulated Impairment Losses - Machinery Accumulated Impairment Losses - Mine Accumulated Impairment Losses - Patents Accumulated Impairment Losses - Vehicles Asset Retirement Obligation Buildings Cash Common Shares Contribution Expense Cost of Goods Sold Deferred Revenue - Government Grants Depreciation Expense Equipment Exploration Expense Furniture Gain on Disposal of Vehicles Gain on Disposal of Building Gain on Disposal of Equipment Gain on Disposal of Furniture Gain on Disposal of Machinery Gain on Disposal of Vehicle Gain on Disposal of Land Interest Expense Interest Payable Inventory Investment Property Land Loss on Disposal of Vehicles Loss on Disposal of Building Loss on Disposal of Equipment Loss on Disposal of Machinery Loss on Disposal of Land Loss on Disposal of Vehicles Loss on Expropriation Loss on Impairment Machinery Mineral Resources No Entry Notes Payable Oil Property Recovery of Loss from Impairment Repairs and Maintenance Expense Retained Earnings Revaluation Surplus (OCI) Revenue - Government Grants Royalty Expense