Your answer is correct. If an impairment loss is indicated, how would it be allocated to assets in the CGU? (Enter amounts in thousands Do not round intermediate colculations. Round final answers to 0 decimal places, eg. 5, 125.) Calculate the impairment loss assuming that PLI follows IFRS and uses the rational entity model. (Enter amounts in thousands) Impairment loss List of Accounts Pharoah-Line Inc. (PLI) is a manufacturer that produces parts for residential telephones, Recent indications are that the market for this product is likely to continue to decline significantly and PLI is testing equipment used in the production process for impairment based on a cash-generatingunit of tools and dies, specialized equipment, and general equipment with the following carrying amounts (in thousands): The tools and dies and specialized equipment cannot be used elsewhere and have no resale value, while the general equipment could be sold today for $13,400. PLI plans to continue producing the parts for two more years to fill a commitment to its customer. Net future cash flows from the next two years' production of parts and the disposal of equipment are estimated to be $29,900, with present value of the cash flows of $24.700. Provide the related journal entry. (Credit account titles are automatically indented when 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. List all debit entries before credit entries. Do not round intermediate calculations. Round final answers to 0 decimal places, eg. 5,125. Enter amounts in thousands.)