A cash-generating unit comprises the following assets $’000 Building 700 Plant & Equipment 200 Goodwill 90 Current Assets 1,010 1,010 One of the machines, carried at $40,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at $750,00 What will be the carrying amount of the building when the impairment loss has been recognised? (to the nearest $'000) Select one alternative $577,000 $594,000 $548,000 $597,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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 A cash-generating unit comprises the following assets

 

$’000

Building

700

Plant & Equipment

200

Goodwill

90

Current Assets

1,010

 

1,010

 

One of the machines, carried at $40,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at $750,00

What will be the carrying amount of the building when the impairment loss has been recognised? (to the nearest $'000)

 

Select one alternative

  • $577,000
  • $594,000
  • $548,000
  • $597,000
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