Question 4 ABC Limited operates several plants and has conducted an impairment test on its cashgenerating unit in respect of its plants. While ABC Limited estimates that the recoverable amount of the session is around $15,000 million, the carrying amounts of the sessions assets are: Carrying amount $million Goodwill 1,500 Property, plant and equipment, at depreciated cost 5,500 Intangible assets, at amortised cost 5,400 Investment property, at fair value 1,300 Financial assets, at fair value 2,170 Trade receivables, at amortised cost 2,000 Calculate and allocate the impairment loss to individual assets and suggest journal entries for ABC Limited. (5 marks)

Question 4 ABC Limited operates several plants and has conducted an impairment test on its cash- generating unit in respect of its plants. While ABC Limited estimates that the recoverable amount of the session is around $15,000 million, the carrying amounts of the session's assets are: Goodwill Property, plant and equipment, at depreciated cost Intangible assets, at amortised cost Investment property, at fair value Financial assets, at fair value Trade receivables, at amortised cost Carrying amount $'million 1,500 5,500 5,400 1,300 2,170 2,000 Calculate and allocate the impairment loss to individual assets and suggest journal entries for ABC Limited