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FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A Cash generating unit comprises the following assets. Building: Machines and Equipment: 800.000 $ The company made an impairment test due to some 200.000 $ internal and external indicators. The impairment test 100.000 $ showed that the recoverable amount was: 50.000 $ 1.150.000 $ Goodwill: Inventory: Total: a) 1.090.000 $ b) 950.000 $ Requirement: make the necessary journal entries for two alternatives
Transcribed Image Text:A Cash generating unit comprises the following assets. Building: Machines and Equipment: 800.000 $ The company made an impairment test due to some 200.000 $ internal and external indicators. The impairment test 100.000 $ showed that the recoverable amount was: 50.000 $ 1.150.000 $ Goodwill: Inventory: Total: a) 1.090.000 $ b) 950.000 $ Requirement: make the necessary journal entries for two alternatives
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