Mesh Ltd. has identified an impairment loss of $20 000 on one of its Cash-Generating Units...

Transcribed Image Text:

Mesh Ltd. has identified an impairment loss of $20 000 on one of its Cash-Generating Units (CGUS). The CGU consists of the following assets (stated at current carrying amounts): Land $350 000 $500 000 Building Equipment $300 000 Fittings $150 000 The Recoverable Amount of the building is $490,000. Calculate the allocation of the impairment loss against all assets in the CGU. [10 marks] Mesh Ltd. has identified an impairment loss of $20 000 on one of its Cash-Generating Units (CGUS). The CGU consists of the following assets (stated at current carrying amounts): Land $350 000 $500 000 Building Equipment $300 000 Fittings $150 000 The Recoverable Amount of the building is $490,000. Calculate the allocation of the impairment loss against all assets in the CGU. [10 marks]

Answer rating: 100% (QA)

To allocate the impairment loss against all assets in the CashGenerating Unit CGU we need to dete... View the full answer