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Bovine Ltd. has the following assets in a CGU: Equipment Building Land Goodwill Carrying Value (thousands) $ 920 1,490 1,040 100 $3,550 The recoverable amount
Bovine Ltd. has the following assets in a CGU: Equipment Building Land Goodwill Carrying Value (thousands) $ 920 1,490 1,040 100 $3,550 The recoverable amount has been determined to be $2,950. The separate fair value less costs of disposal for land is $840; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment. (Enter answers In thousands of dollars.)
Bovine Ltd. has the following assets in a CGU: Carrying Value (thousands) Equipment Building Land Goodwill $920 1,490 1,040 100 $3,550 The recoverable amount has been determined to be $2,950. The separate fair value less costs of disposal for land is $840; no other assets could be separately valued. Required: 1. Allocate the impairment loss to individual assets and calculate the net book value of each asset after the impairment (Enter answers In thousands of dollars.)
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