Hovea Ltd has determined that its transport division has suffered an impairment loss of $52 000 for the year ended...
pottobHovea Ltd has determined that its transport division has suffered an impairment loss of $52 000 for the year ended 30 June 2013. At that date the carrying amount of the division’s assets were
$
Receivables 31 000
Inventory 18 000
Land 150 000
Trucks (net) 250 000
Servicing Unit 50 000
Required
Allocate the loss across the assets of the CGU in accordance with AASB 136, paragraph 104. Show all workings. (3 Marks)
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