The following information is available relating to a cash generating unit belonging to Bliss plc: £m Building 60 Plant and Equipment 12 Goodwill 20 Current Assets 40 132 Following an industrial accident, it has been determined that the recoverable amount of the cash generating unit to be £100m. The current assets are already at their recoverable amount. Determine the impairment loss relating to this Cash Generating Unit. Allocate the impairment loss to the cash generating unit, and show the value of each of the assets listed above once the impairment loss has been allocated.
The following information is available relating to a cash generating unit belonging to Bliss plc:
£m
Building 60
Plant and Equipment 12
Current Assets 40
132
Following an industrial accident, it has been determined that the recoverable amount of the cash generating unit to be £100m. The current assets are already at their recoverable amount.
Determine the impairment loss relating to this Cash Generating Unit. Allocate the impairment loss to the cash generating unit, and show the value of each of the assets listed above once the impairment loss has been allocated.
Step by step
Solved in 2 steps with 2 images
