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in salalah is considered as a cash generating unit. On 31st December 2020, there was an impairment loss of Levinia LLC assets by OMR 1,750,000 due to changes in the government decision to prohibit animal fat based cosmetic products. The carrying amount of assets of Levinia LLC immediately before impairment were: Particulars Amount (OMR) Building 2,000,000 Motor vehicle 500,000 Good will 1,000,000 Equipment 1,250,000 Current assets 625,000 Cash at bank 450,000 (A) From the above information, find impairment loss allocated to good will of a cash generating unit of Levinia LLC.

in salalah is considered as a cash generating unit. On 31st December 2020, there was an impairment loss of Levinia LLC assets by OMR 1,750,000 due to changes in the government decision to prohibit animal fat based cosmetic products. The carrying amount of assets of Levinia LLC immediately before impairment were: Particulars Amount (OMR) Building 2,000,000 Motor vehicle 500,000 Good will 1,000,000 Equipment 1,250,000 Current assets 625,000 Cash at bank 450,000 (A) From the above information, find impairment loss allocated to good will of a cash generating unit of Levinia LLC.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
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Levinia LLC is involved in manufacturing of cosmetic products. One branch located in salalah is considered as a cash generating unit. On 31st December 2020, there was an impairment loss of Levinia LLC assets by OMR 1,750,000 due to changes in the government decision to prohibit animal fat based cosmetic products. The carrying amount of assets of Levinia LLC immediately before impairment were: Particulars Amount (OMR) Building 2,000,000 Motor vehicle 500,000 Good will 1,000,000 Equipment 1,250,000 Current assets 625,000 Cash at bank 450,000 (A) From the above information, find impairment loss allocated to good will of a cash generating unit of Levinia LLC.
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