Calculation and Allocation of Impairment Loss: A Case Study

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Added on 2019/10/30

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The assignment content discusses the calculation of impairment loss for a chosen non-financial asset (CGU) and its allocation to specific assets within the CGU. The fair value, value in use, and recoverable amount are calculated to determine the impairment loss. The impairment loss is then allocated based on carrying amounts and weightage. Journal entries are also provided to record the impairment loss.

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Calculation and Allocation of Impairment Loss: A Case Study

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