Question
WestCo has defined its computer repair division as a cash-generating unit under IFRS. The company reported the following carrying amounts for this division on
WestCo has defined its computer repair division as a cash-generating unit under IFRS. The company reported the following carrying amounts for this division on December 31, 2015: Computers... $75,000 Equipment.. 10,000 Furniture. 40,000 $125,000 The computer repair division is being assessed for impairment. On December 31, 2015, the division's value in use is $90,000. Please make sure your final answer(s) are accurate to the nearest whole number. Enter 0 for any amounts that are 0. a) Calculate the amount of impairment, if any, of the computer repair division assuming that none of the individual assets has a determinable recoverable amount. Computers.... Equipment Furniture...
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