(v) Magic plc has a retail business which is treated as a separate cash generating unit and which has suffered badly during the recession. The carrying amounts of the assets comprising the retail business are:

$'000

Building 900

Plant and equipment 300

Inventory 70

Other current assets 130

Goodwill 40

On 31 December 2017, an impairment review has suggested that the recoverable amount of the cash generating unit is estimated at MUR 1.3m.

Required

i. What will be the carrying amount of the inventory after the impairment loss in (iii) has been accounted for?

j. What will be the carrying amount of the building after the impairment loss has been accounted for?

HOW THE $140 IS BEING DISTRIBUTED FOR IMPAIRMENT? WHETHER INVENTORY AND OTHER ASSETS BE IMPAIRED TOO OR ONLY FIXED ASSETS?