What is the carrying amount of intangibles

Assignment Help Accounting Basics
Reference no: EM132875681

Question - A business has a cash generating unit (CGU) which has suffered a large fall in income. An impairment review has determined that the recoverable amount of the CGU is £110m. The assets of the CGU had the following carrying amounts just before the impairment review:

Goodwill £20m

Intangibles £16m

Property, plant & equipment £64m

Inventory £30m

Receivables £10m

Total £140m

The inventory and receivables are considered to be included above at their recoverable amounts.

Required - What is the carrying amount of intangibles once the impairment loss has been allocated?

Reference no: EM132875681

Questions Cloud

Analyze the case from the perspective of pure contract law : Analyze the case from the perspective of PURE CONTRACT law (i.e. what you learned in this course so far about the elements of contract law etc.)
What are ethical and legal issues : What are the ethical and legal issues? What organizational and personal pressures have contributed to Karen's dilemma?
Write an autoethnographic vignette recounting personal : Write an autoethnographic vignette (min. 200 words) recounting your personal experience with precarious work. If you do not have first-hand experience
Discuss the four dimensions of statistical reasoning : For valid inferences about a diverse population, why isn't it more important to have a representative sample than a random sample?
What is the carrying amount of intangibles : The inventory and receivables are considered to be included above at their recoverable amounts. What is the carrying amount of intangibles
Best sources for compensation and benefits in organization : What are the three best sources for compensation and benefits in the organization that could help in a report writing?
Analyze why the jingles either work or donot work : Jingles are a popular creative, Analyze why these jingles either work or don't work and present your critique to the class. Explain your thoughts.
What will the price be three years from today : Assume that the yield to maturity remains constant for the next three years. What will the price be 3 years from today
Description of project to your instructor : Provide a description of the project to your instructor. Outline how the project you choose meets the criteria found in the course project description.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd