Impairment under IFRS: Example 1: Company D purchased Company E for $900,000. Company E has two cash-generating units: CGU1 and CGU2. The carrying value is allocated as follows:

CGU 1	CGU2
Net assets	$ 180,000	$360,000
Goodwill	120,000	240,000
Total assets	$300,000	$600,000

One year later, an impairment test finds the fair value of Company E to be $720,000, indicating an impairment of $ 180,000. After recording the impairment loss and allocating it, show how the following accounts would appear:

CGU1	CGU2
Net assets	$?	$?
Goodwill	?	?
Total assets	$?	$?

Assume that in a following year, the fair value of Company E continues to decline and is now found to be $450,000. After recording the impairment loss and allocating it, show how the following accounts would appear:

CGU1	CGU2
Net assets	$?	$?
Goodwill	?	?
Total assets	$?	$?