Impairment (Cash Generating Unit- CGU) Company Y has identified an impairment loss of 41m for one of its CGUs. The carrying amount of CGUs net assets was 150m whereas recoverable amount was only 109 Assets m Goodwill 13 Property 20 Machinery 49 Vehicles 35 Patents 14 Net monetary assets 19 150 Net selling price of units assets were insignificant except for the property which had a market value of 35m. Net monetary assets will be released in full, i.e we can expect to receive full carrying value when sold.

Question: Requirement: How should the impairment loss be allocated to the assets?