A cash generating unit (CGU) consist of the following assets:

	Carrying amount
Goodwill	500
Plant	10,000
Vehicle	8,000
Land	25,000
CA of CGU	$43,500

The recoverable amount of the CGU is determined at $45,000. The CGU was impaired in prior years.

The recoverable amount of individual asset is as follows:

Plant	10,500
Vehicle	9,000
Land	25,900

Required: Prepare journal entries to account for the reversal of impairment of the CGU in accordance with IAS 36 Impairment of Assets.

Answer:

Dr	Acc depr and impairment loss- plant	349
Cr	Reversal of impairment (income)		349
	(reversal of impairment loss of plant)

Dr	Acc depr and impairment loss- vehicle	279
Cr	Reversal of impairment (income)		279
	(reversal of impairment loss of vehicle)

Dr	Acc depr and impairment loss- land	872
Cr	Reversal of impairment (income)		872
	(reversal of impairment loss of land)

Could you explain the answer for me?