Question
A Cash generating unit comprises the following assets. Building: 1.050.000 $ Machines and Equipment: 450.000 $ Goodwill: 80.000 $ Inventory: 20.000 $ Total: 1.600.000 $
A Cash generating unit comprises the following assets.
Building: 1.050.000 $
Machines and Equipment: 450.000 $
Goodwill: 80.000 $
Inventory: 20.000 $
Total: 1.600.000 $
The company made an impairment test due to some internal and external indicators. The impairment test showed that the recoverable amount was:
a) 1.540.000 $
b) 1.450.000 $
Requirement: make the necessary journal entries for two alternatives
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International Financial Reporting And Analysis
Authors: David Alexander, Ann Jorissen, Martin Hoogendoorn
8th Edition
978-1473766853, 1473766850
