At reporting date Guzzle Limited estimated an impairment loss of $50 000 against its single cash-generating unit.
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Question:
At reporting date Guzzle Limited estimated an impairment loss of $50 000 against its single cash-generating unit. The company had the following assets: headquarters building $200 000; plant $120 000; equipment $80 000, goodwill $20 000. The net carrying amount of the headquarters building after allocation of the impairment loss is:
a. $150 000
b. $170 000
c. $175 000
d. $185 000
e. None of the above
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