A cash generating unit (CGU) comprises property with a carrying amount of $400,000, plant with a carrying
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A cash generating unit (CGU) comprises property with a carrying amount of $400,000, plant with a carrying amount of $100,000 and goodwill with a carrying amount of $50,000. The property has a fair value less costs to sell of $380,000, and a value in use of $350,000. The CGU has a fair value less costs to sell of $440,000 and a value in use of $460,000. Which of the following statements is true?
The maximum impairment loss allocated to the property is $20,000
The total impairment loss in the CGU is $110,000
The impairment loss is pro-rated between all assets within the scope of IAS 36
The impairment loss allocated to plant is $8,000
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