Levinia LLC is involved in manufacturing of cosmetic products. One branch located in salalah is considered as a cash generating unit. On 31st December 2020, there was an impairment loss of Levinia LLC assets by OMR 1,750,000 due to changes in the government decision to prohibit animal fat based cosmetic products.

The carrying amount of assets of Levinia LLC immediately before impairment were:

Particulars Amount (OMR)

Building 2,000,000

Motor vehicle 500,000

Good will 1,000,000

Equipment 1,250,000

Current assets 625,000

Cash at bank 450,000

(A) From the above information, find impairment loss allocated to good will of a cash generating unit of Levinia LLC.

a) OMR 1,000,000

b) None of them

c) OMR 800,000

OMR 105,263

(B) From the above information, find the impairment loss of building and motor vehicle of Levinia LLC.

a) OMR 400,000 and OMR 100,000

b) OMR 1,000,000 and OMR 50,000

c) OMR 200,000 and OMR 800,000

d) None of them