Keanu Limited has identified an impairment loss of €60 million in one of its cash generating units (CGUs). The CGU showed a carrying amount of €160 million and a recoverable amount of €100 million at 31 December 200X.

The fair value less costs to sell of the CGU’s assets is less than their carrying values except for the property which had a market value of €70 million at 31 December 200X.
Requirement Allocate the impairment loss arising in accordance with IAS 36 Impairment of Assets.

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Details of the carrying amount Em Goodwill 20 Property 60 Machinery Motor vehicles Other assets 40 20 20 160