Question
Boston Ltd has a cash-generating unit with the following assets: Accounts receivable $22 000 Inventory $25 000 Land $165 000 Buildings $75 000 Equipment $60
Boston Ltd has a cash-generating unit with the following assets: Accounts receivable $22 000 Inventory $25 000 Land $165 000 Buildings $75 000 Equipment $60 000 If there is an impairment loss of $30 000 in relation to the CGU, the net carrying amount of the Buildings after allocation of the impairment loss is:
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College Accounting A Practical Approach
Authors: Jeffrey Slater, Debra Good
14th Canadian Edition
0135222419, 978-0135222416
