Wolf Ltd acquired $80,000$ CUI ordinary shares in Fox Ltd on $1$ April $20x5$ at a cost of CU$77,000.$

Fox Lid's retained earnings at that date were CU$50,000$ and its issued ordinary share capital was

CU$100,000.$ What is the amount of the discount on acquisition arising on the acquisition? $[3]$

Presented below is information related to equipment owned by Pujols Company at December

$31,20x5.$

Cost $-$ Taka $9,000,000$

Accumulated depreciation to date $-1,000,000$

Value$-$in$-$use $-7,000,000$

Fair value less cost of disposal $-4,400,000$

Assume that Pujols will continue to use this asset in the future. As of December $31,20$X$5,$ the

equipment has a remaining useful life of $4$ years.

Required: Prepare the journal entry $($if any$)$ to record the impairment of the asset at

December $31,20$X$5.[2]$