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Hopewell Limited operates a unit that suffers a massive drop in income due to the failure of its technology on 1 January 2 0 2
Hopewell Limited operates a unit that suffers a massive drop in income due to the failure of its technology on January The following carrying values were recorded in the books immediately prior to the impairment: AssetsGoodwill Technology FranchiseLandBuildings Other net assetsValue $ The recoverable value of the unit is estimated at $ The technology is worthless, following its complete failure and one Franchise for $ suffered a loss of $ The other net assets include inventory, receivables and payables. It is considered that the book value of other net assets is a reasonable representation of its net realizable value.Required:Calculate the carrying amounts of the assets above at January after applying any impairment losses.
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