The net assets of Fyngle, a cash generating unit (CGU) are: $ Property, plant and equipment 200,000 Allocated goodwill 50,000 Product patent 20,000 Net current assets (at net realisable value) 30,000 300,000 As a result of adverse publicity, Fyngle has a recoverable amount of only $200,000. What would be the value of Fyngle's property, plant and equipment after the allocation of the impairment loss?
The net assets of Fyngle, a cash generating unit (CGU) are: $ Property, plant and equipment 200,000 Allocated goodwill 50,000 Product patent 20,000 Net current assets (at net realisable value) 30,000 300,000 As a result of adverse publicity, Fyngle has a recoverable amount of only $200,000. What would be the value of Fyngle's property, plant and equipment after the allocation of the impairment loss?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The net assets of Fyngle, a cash generating unit (CGU) are:
$
Property, plant and equipment 200,000
Allocated
Product patent 20,000
Net current assets (at net realisable value) 30,000
300,000
As a result of adverse publicity, Fyngle has a recoverable amount of only $200,000.
What would be the value of Fyngle's property, plant and equipment after the allocation of the impairment
loss?
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