ABC has determined that one of its cash generating units (CGU) is impaired. The assets of the
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Question:
ABC has determined that one of its cash generating units (CGU) is impaired. The assets of the CGU at their book value are:
Goodwill - 250,000;
Land - 4,000,000;
Factory - 1,200,000;
Machinery and Equipment - 1,800,000.
The value in use of the cash generating unit is P6,000,000. Calculate the impairment loss allocated to factory account assuming the impairment loss specific to machinery and equipment is 300,000. (do not round off the percentage, round off your final answer to the nearest peso)
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