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Part A -
Write a 1000 word short essay about the following: Impairment loss for Cash generating units including Goodwill.
Part B -
"Gali Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2015 are as follows:"
Account
Carrying Amount
plant
106000
Equipment
24000
Fittings
15000
Inventory
6000
Goodwill
5000
Total CA
156000
Gali Ltd calculated the value in use of the division to be: 141000
If the fair value less costs of disposal of the plant is: 102345
Required - Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.
This assignment has 2 parts, 1000 + 10% word theory interpretation essay and a response to a practical application of the theory.
Verified Expert
The said paper is in relation to analyzing the the manner of impairment of a cash generating unit.Here we have first of all discuss the the general provision of recognition and measurement of impairment loss as per IAS - 36 Impairment of asset, then we have discussed about the treatment of impairment loss in case of a cash generating unit.Then we have solved a practical example of impairment of a CGU.
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This is assignment and u have to select my student ID which is (......) And then solve the following questions in Microsoft word thanks. Remember to select student ID : You have to select my student id in excel file as then do the solution with that values. You have to do solution in microsoft word as it is done but have to use different values from excel files When u select student ID, it will give u different values
Prepare your assignment including Part A and part B in Microsoft Word. This assignment has 2 parts, 1000 + 10% word theory interpretation essay and a response to a practical application of the theory. The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references, to be submitted the soft copy in Turnitin and hard copy in lecture Week 10. Please ensure you attach a KOI assignment cover sheet, with ID numbers and signed. Late assignments will be penalised, 10% deduction per day.
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