A cash-generating unit comprises the following assets:   £000 Goodwill 220 Land 1,280 Plant and equipment 400   1,900   One of the pieces of equipment, carried at £80,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at £1,500,000. What will be the carrying amount of the land after the impairment loss has been recognised? Select one: a. £1,200,000 b. £1,142,858 c. £1,010,526 d. £1,055,736 e. £300,000

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

 

£000

Goodwill

220

Land

1,280

Plant and equipment

400

 

1,900


 

One of the pieces of equipment, carried at £80,000, is damaged and will have to be scrapped. The recoverable amount of the cash-generating unit is estimated at £1,500,000.

What will be the carrying amount of the land after the impairment loss has been recognised?

Select one:
a.
£1,200,000
b.
£1,142,858
c.
£1,010,526
d.
£1,055,736
e.

£300,000

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