ABC Ltd conducted an impairment test of one of its cash generating units (CGU) at...
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Accounting
ABC Ltd conducted an impairment test of one of its cash generating units CGU at June X The test determined that the recoverable amount of the entire CGU was $ The carrying amounts of the assets of the entity at June were: Equipment net of depreciation$ Receivables $ Goodwill $ Required Prepare the journal entry to account for the impairment of goodwill at June X 
ABC Ltd conducted an impairment test of one of its cash generating units CGU at
June X The test determined that the recoverable amount of the entire CGU was
$ The carrying amounts of the assets of the entity at June were:
Equipment net of depreciation$
Receivables $
Goodwill $
Required
Prepare the journal entry to account for the impairment of goodwill at June X
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