Impairment of a CGU LO5 Potters Ltd has determined that its fine china division is
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Impairment of a CGU LO5 Potters Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2019 are as follows. Factory $210 000 Land 150 000 Equipment 120 000 Inventories 60 000 Potters Ltd calculated the value in use of the division to be $510 000. Required Provide the necessary journal entries for the impairment loss.
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Financial Reporting
ISBN: 978-0730363361
2nd Edition
Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes
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