Question
Fly Bhd has a cash generating unit (CGU) with the following details: Plant, property, and equipment: RM200,000 Allocated goodwill: RM50,000 Other plant: RM20,000 Net Current
Fly Bhd has a cash generating unit (CGU) with the following details: Plant, property, and equipment: RM200,000 Allocated goodwill: RM50,000 Other plant: RM20,000 Net Current Assets (at NRV): RM30,000 Total: RM300,000 Due to adverse publicity, the recoverable amount of the CGU is RM200,000. It is not possible to estimate the recoverable amounts of the individual assets within the CGU. Required: Compute the carrying amount of the assets after accounting for the impairment loss in accordance with MFRS 136 Impairment of assets, with explanation(s) on the basis of the computation.
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