Question 12. A cash generating unit (CGU) comprises property with a carrying amount of $400,000, plant with a carrying amount of $100,000 and goodwill with a carrying amount of $50,000. The property has a fair value less costs to sell of $380,000, and a value in use of $350,000. The CGU has a fair value less costs to sell of $440,000 and a value in use of $460,000. Which of the following statements is true?

The maximum impairment loss allocated to the property is $20,000

The total impairment loss in the CGU is $110,000

The impairment loss is pro-rated between all assets within the scope of IAS 36

The impairment loss allocated to plant is $8,000