The management of Damian has identified two cash generating units (CGUS) and a research division that...
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The management of Damian has identified two cash generating units (CGUS) and a research division that does not generate cash flows independently of the two CGUS. The carrying amount of the research division cannot be allocated between the two CGUS on a reasonable and consistent basis. The following information relates to the cash generating units and the research division: CGU X CGU Y Research Division 2$ 2$ Carrying amount 600 000 300 000 120 000 Recoverable 560 000 330 000 amount The recoverable amount of the company as a whole (the two CGUS plus the research division is $1 000 000. In accordance with IAS 36 what is the total impairment loss for the company as a whole? Select one: a. $10 000 O b. $130 000 O c. $40 000 O d. $nil The management of Damian has identified two cash generating units (CGUS) and a research division that does not generate cash flows independently of the two CGUS. The carrying amount of the research division cannot be allocated between the two CGUS on a reasonable and consistent basis. The following information relates to the cash generating units and the research division: CGU X CGU Y Research Division 2$ 2$ Carrying amount 600 000 300 000 120 000 Recoverable 560 000 330 000 amount The recoverable amount of the company as a whole (the two CGUS plus the research division is $1 000 000. In accordance with IAS 36 what is the total impairment loss for the company as a whole? Select one: a. $10 000 O b. $130 000 O c. $40 000 O d. $nil
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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