Masdirt Mining Company Has a Copper Mine in Tanzania

Masdirt Mining Company has a copper mine in Tanzania.The company is subject to the pronouncements of the International Accounting Standards Board,and,specifically,IFRS 36.
The plant and equipment used in this operation were acquired five years ago for $1,600,000 and have been depreciated using straight-line depreciation over a 20-year life.The controller estimates that the assets have a remaining useful life of 15 years.
The controller of the company is preparing the financial statements for the year just ended and notes that the fair value of the plant and equipment is estimated to be $1,150,000 at the close of last year.The controller also determines that the present value of the discounted future cash flows associated with the asset's future use equals $1,300,000.
Prepare the entry (if any)the controller should make under IFRS 36 relating to the current fair value of the plant & equipment.Additionally,assume that the company sold the plant & equipment for $1,300,000 immediately after the end of last year.Prepare the entry (if any)required under IFRS 36.