Hazel Ltd is engaged in the importation of foods and which is processed further in its factory. On 03 September 2020, it was reported on the social media and newspaper that many customers have been admitted to hospital after consuming the foods sold by Hazel Ltd. The news were spread across the country and Hazel Ltd found that the sales were decreased significantly. An impairment test conducted on 30 September 2020, revealed the following with respect to a cash generating unit (CGU):

	Carrying value before impairment	Fair value less cost to sell after impairment
	$ million	$ million
Machinery	50	35
Equipment	80	Not measurable
License	35	12
nvestment property	60	Not measurable
Goodwill	20	Not measurable
Inventory	25	25

It was estimated that the value in use and fair value less cost to sell of the CGU at 30 September 2020 were $ 100 million and $ 150 million respectively

REQUIRED

Compute the amount of impairment and allocate it to individual assets. Also calculate the revised net asset value for the year ended 30 September 2020. [11 Marks]