2. Assume that the recoverable amount recovered to $3,540 in the subsequent year. Allocate the impairment reversal to individual assets and calculate the net book value of each asset after the impairment. The separate fair value fewer costs to sell for land remains at $1,070. There is no concern with a ceiling value when assigning the recovery to building or equipment.

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Bovine Ltd. has the following assets in a CGU: Copment Bung Land Carrying W housands $1.000 1,340 1.220 The recoverable amount has been determined to be $3,050. The separate fair value less costs to sell for land is $1,170; no other assets could be separately valued. Equment Building Land Good 100 $4.350 Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Carrying Val 5 1,000 1,940 1.200 100 4.300 Alation of inment Netbook las Bovine Ltd. has the following assets in a CGU: Copment Bung Land Carrying W housands $1.000 1,340 1.220 The recoverable amount has been determined to be $3,050. The separate fair value less costs to sell for land is $1,170; no other assets could be separately valued. Equment Building Land Good 100 $4.350 Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers in thousands of dollars.) Carrying Val 5 1,000 1,940 1.200 100 4.300 Alation of inment Netbook las

Answer rating: 100% (QA)

1 Equipment 1090 Building 1940 Land 1220 Goodwill 100 Total 4350 Impai... View the full answer