Bovine Ltd. has the following assets in a CGU: Equipment Building Land Goodwill Carrying Value (thousands)...

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Bovine Ltd. has the following assets in a CGU: Equipment Building Land Goodwill Carrying Value (thousands) $ 489 1,141 828 300 $2,750 The recoverable amount has been determined to be $1,950. The separate fair value less costs of disposal for land is $770; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Carrying Value (thousands) Proportion Allocation of Impairment loss Net book value Equipment $ 489 30 % Building 1,141 70% Land 820 0% Goodwill 300 0% 50 300 770 0 $ 2,750 $ 350 $ 770 2. Assume that the recoverable amount recovered to $2,450 in the subsequent year. Allocate the impairment reversal to individual assets and calculate the net book value of each asset after the impairment. The separate fair value less costs of disposal for land remains at $770. There is no concern with a ceiling value when assigning the recovery to building or equipment. (Enter answers in thousands of dollars.) Allocation of Carrying Value (thousands) Proportion impairment Net book value loss Equipment % Building % Land % Goodwill % $ 0 $ 0 $ 0 Bovine Ltd. has the following assets in a CGU: Equipment Building Land Goodwill Carrying Value (thousands) $ 489 1,141 828 300 $2,750 The recoverable amount has been determined to be $1,950. The separate fair value less costs of disposal for land is $770; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Carrying Value (thousands) Proportion Allocation of Impairment loss Net book value Equipment $ 489 30 % Building 1,141 70% Land 820 0% Goodwill 300 0% 50 300 770 0 $ 2,750 $ 350 $ 770 2. Assume that the recoverable amount recovered to $2,450 in the subsequent year. Allocate the impairment reversal to individual assets and calculate the net book value of each asset after the impairment. The separate fair value less costs of disposal for land remains at $770. There is no concern with a ceiling value when assigning the recovery to building or equipment. (Enter answers in thousands of dollars.) Allocation of Carrying Value (thousands) Proportion impairment Net book value loss Equipment % Building % Land % Goodwill % $ 0 $ 0 $ 0