Question
impaired assets question: At 28 February 2022, ST Ltd is operating a business division identified as a Cash Generating Unit. The following information relates to
impaired assets question:
At 28 February 2022, ST Ltd is operating a business division identified as a Cash Generating Unit. The following information relates to a Cash Generating Unit (CGU) of ST Ltd for the year ended 28 February 2022 *Building R40 000 000 *Intangible Asset R8 000 000 *Goodwill R12 500 000 *Inventory R2 000 000 An Impairment test was carried out on the 28 February 2022 and the Cash Generating Unit now has a fair value of R50 000 000.The related disposal cost is R4 500 000. The value in use is R36 000 000.
CALCULATE AND ALLOCATE THE IMPAIRMENT LOSS OF THE CGU FOR THE YEAR ENDED 28 February 2022 ROUND OFF TO THE NEAREST RAND?
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