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Question 4 ( 9 points) The carrying amount of a cash-generating unit (CGU) consists of the following - It has been determined that the recoverable
Question 4 ( 9 points) The carrying amount of a cash-generating unit (CGU) consists of the following - It has been determined that the recoverable amount of the CGU is $1800000. It is not possible to estimate the recoverable amounts of the individual assets within the CGU. Required In accordance with IAS 16 Property, Plant and Equipment and IAS 36 Impairment of Assets, calculate the amount of impairment loss allocated to the three assets, and the carrying amounts of the assets after the allocation. Prepare relevant journal entries. Show workings and calculations
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