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3 ) Plethora plc owns a retail business which has suffered badly during the recession. Plethora plc treats this business as a separate cash generating

3) Plethora plc owns a retail business which has suffered badly during the recession. Plethora plc treats this business as a separate cash generating unit.
The carrying amounts of the assets comprising the retail business are:
P000
Building 900
Plant and equipment 300
Inventory 70
Other current Assets 130
Goodwill 40
An impairment review has been carried out as at 31 December 20X9 and the recoverable amount of the cash generating unit is estimated at P1.3 m.
(b) What will be the carrying amount of the assets after the Impairment review for the year ended 31 December 20X9(4 marks)

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