Hovea Ltd has determined that its transport division has suffered an impairment loss of $52 000 for the year ended...

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Hovea 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)

 

 

    • 9 years ago
    • 999999.99
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