18.Intangible assets are __________ on disposal or when no future benefits are expected from its use.

19.___________ is calculated up to point of derecognition of the intangible assets.

20.Gain or ___________ should be recognised in the income statement when the intangible asset is disposed.

IA: Goodwill On 1 January 2019, Momo Bhad business expansion strategies it acquired all of the ordinary shares of Semy Son Bhd. Semy Son Bhd has become a division (cash generating unit) of Momo Bhd. It was determined at the acquisition date that the different between the fair value of the identifiable net assets of Semy's division with the cash consideration paid was RM700,000. After 10 months of operations, Semy experienced operating losses. In addition, it is expected that Semy division will generate substantial losses for the foreseeable future. At 31 December 2019, carrying amount of Semy's division net assets is RM1, 760,000. Meanwhile, its recoverable amount on that date as determined by professional appraisers is RM1,450,000. Momo Bhd's year end is 31 December. Refer to the schedule above and answer Q14- Q17 14. Determine the amount of the goodwill. RM 15. Determine the amount of the impairment. RM Computation of impairment of the goodwill is as follows: Goodwill impairment = Recoverable amount of Semy division less the carrying value of the division: Recoverable amount of Semy's division........... RM1,450,000 Carrying value of division .. 1,760,000 Impairment loss .. ?? 16. What are the journal entries for the impairment of the goodwill on 31 December 2019? Dr Fill in the blank with the types of account and the amount. E.g. Rental RM20,000)] 17. What are the journal entries for the impairment of the goodwill on 31 December 2019? Cr Goodwill RM