ise 5. The assets of year-end are as föllows: Carrying amount 2,500,000 3,500,000 1,000,000 Fair value Property, Plant and Equipment Patent 2,000,000 3,000,000 1,000,000 Goodwill The most recent review assesses the value in use of the CGU to be 4,500,000. 24. What total amount should be reported as impairment loss on goodwill? 25. What is the impairment loss to be allocated to the PPE?
ise 5. The assets of year-end are as föllows: Carrying amount 2,500,000 3,500,000 1,000,000 Fair value Property, Plant and Equipment Patent 2,000,000 3,000,000 1,000,000 Goodwill The most recent review assesses the value in use of the CGU to be 4,500,000. 24. What total amount should be reported as impairment loss on goodwill? 25. What is the impairment loss to be allocated to the PPE?
Chapter8: Depreciation, Cost Recovery, Amortization, And Depletion
Section: Chapter Questions
Problem 7BCRQ
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Transcribed Image Text:Case 5. The assets of a CGU at year-end are as follows:
Property, Plant and Equipment
Patent
Goodwill
Carrying amount
2,500,000
3,500,000
1,000,000
Fair value
2,000,000
3,000,000
1,000,000
The most recent review assesses the value in use of the CGU to be 4,500,000.
24. What total amount should be reported as impairment loss on goodwill?
25. What is the impairment loss to be allocated to the PPE?
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