please solve problem 1 with all requirements

Problem 1 The Faris Corporation has determined that there may be indicators of impairment for one of their assets - an office building that is currently leased out and a cash generating unit (CGU) representing a business unit. Data for the building and CGU follow. The year end is December 31, 20x4. Building Carrying value (20 years remaining, $500,000 residual value) $2,800,000 Fair value 2, 100,000 Costs to sell 6% of fair value Future cash flows generated by building (each year to the end of its useful life) $170,000 CGU Fair Value Carrying less Costs to Value Sell Land $1,000,000 $1,650,000 Building 2,400.000 1,700,000 Equipment 900,000 550,000 Goodwill 1,000,000 $5,300,000 $3,900,000 The CGU's cash flows are expected to be equal to $500,000 for the next five years with a residual value of $2,500,000 at the end of five years. Assume a discount rate of 5%. Required - a) Calculate the amount of impairment loss (if any) for the building and CGU under the assumption that Faris is: i) a publicly accountable entity. Allocate the impairment loss (if any) to the assets of the CGU. 2 ii) a private company subject to ASPE. Just calculate the impairment loss. b ) Assume that on December 31, 20x6, the recoverable amount of the building is estimated to be $2,700,000. Calculate the amount of impairment loss reversal on the building at December 31, 20x6. Assume the company is a publicly accountable entity