1. The impairment loss to be recognized by Chou Company is

2. The carrying amount of the inventory after classification of the disposal group as held for sale is

3. The carrying amount of the Investment property after classification of the disposal group as held for sale is

4. The carrying amount of the PPE after classification of the disposal group as held for sale is

5. The carrying amount of the goodwill after classification of the disposal group as held for sale is

 

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CASE 1. CHOU COMPANY On December 31, 2020, Chou Company plans to dispose of a group of its assets. Information on these assets is shown below: Carrying amount on Dec. 31, 2015 before Carrying amount as remeasured immediately before classification as held for sale classification as held for sale Inventory P9,600,000 P8,800,000 Investment in FVOCI 7,200,000 6,000,000 Investment property (at fair value model) 22,800,000 22,800,000 PPE (at cost model) 18,400,000 16,000,000 Goodwill 6,000,000 6,000,000 Total 64,000,000 59,600,000 Chou Company entity estimates that the fair value less costs to sell of the disposal group amounts to P52,000,000. CASE 1. CHOU COMPANY On December 31, 2020, Chou Company plans to dispose of a group of its assets. Information on these assets is shown below: Carrying amount on Dec. 31, 2015 before Carrying amount as remeasured immediately before classification as held for sale classification as held for sale Inventory P9,600,000 P8,800,000 Investment in FVOCI 7,200,000 6,000,000 Investment property (at fair value model) 22,800,000 22,800,000 PPE (at cost model) 18,400,000 16,000,000 Goodwill 6,000,000 6,000,000 Total 64,000,000 59,600,000 Chou Company entity estimates that the fair value less costs to sell of the disposal group amounts to P52,000,000.

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