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An entity operates several external degree programs and has conducted an impairment test on its cash- generating unit in respect of its advanced degree program
An entity operates several external degree programs and has conducted an impairment test on its cash- generating unit in respect of its advanced degree program session. While estimates of the recoverable amount of the session is around P2,040,000, the carrying amounts of the session's assets are as follows: Goodwill 200,000 550,000 400,000 Building, at depreciated cost Furniture, transportation, and auxiliary equipment, at depreciated cost Intangible assets, at amortized cost Investment property, at fair value 250,000 300,000 170,000 Investments in equity securities, at fair value Cash and cash equivalents Trade receivables, at amortized 230,000 300,000 cost The accounts receivable is regarded as collectible, except those considered doubtful. The furniture, transportation, and auxiliary equipment has a fair value less cost of disposal of P380,000. How much is the total carrying amount of property, plant and equipment after the impairment assessment
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