Gali Ltd has determined that its fine china division is a CGU( Cash Generating Unit ) . The carrying amounts of the assets at 30 June 2015 are as follows:

Account Carrying Amount

plant 385000

Equipment 89000

Fittings 56000

Inventory 24000

Goodwill 20000

Total CA 574000

Gali Ltd calculated the value in use of the division to be: 514000

If the fair value less costs of disposal of the plant is: 370472

Required Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.