Question
5-A-DAY is a chain of 12 fruit and veg stores. Each 5-A-DAY store is classified as its own cash-generating unit (CGU). 5-A-DAYs accounting department is
5-A-DAY is a chain of 12 fruit and veg stores. Each 5-A-DAY store is classified as its own cash-generating unit (CGU). 5-A-DAYs accounting department is conducting an impairment review of one of their CGUs. The assets of this particular CGU are detailed below. Goodwill: R60 000 Property: R200 000 Intangibles: R23 000 Equipment: R25 000 Other: R10 000 The impairment review has revealed that the fair value of the CGUs property is R180 000 and the net assets of the store as a whole are R210 000. Calculate the amounts that are allocated to impairments for other, intangibles, goodwill and property.
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