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urgent pls Damo Ltd reported the following assets in its statement of financial position at 30 June 2021: Cash 22 000 Accounts receivable 80 000

urgent pls
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Damo Ltd reported the following assets in its statement of financial position at 30 June 2021: Cash 22 000 Accounts receivable 80 000 Allowance for doubtful debts (18 000) Inventories 108 000 Land 800 000 2 350 000 Buildings Accumulated depreciation - buildings (400 000) Plant 1700 000 Accumulated depreciation - plant |(750 000) Goodwill 104 000 Damo Ltd undertook impairment testing and determined the recoverable amount of the assets, a cash generating unit (CGU), at 30 June 2021 to be $3,400,000 Required: Calculate and allocate any impairment loss across the CGU. Prepare the necessary journal entry for impairment loss. (10 marks)

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