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If you write by hand, make sure the handwriting is clear, thank you QUESTION...

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Accounting

imageIf you write by hand, make sure the handwriting is clear, thank you

QUESTION 6 A cash-generating unit (CGU) was reviewed for impairment on 31 March 2020 as required by HKAS 36 Impairment of Assets. The impairment review revealed that the CGU has a value in use of $868,000 and a net realisable amount of $866,000. The carrying amounts of the net assets of the CGU immediately prior to the impairment review were as follows: $ Goodwill 564,000 Property, plant and equipment 550,000 Net current assets 123,400 1,237,400 The review indicated that one item of the plant (included in the above figure of $550,000) with a carrying amount of $56,400 had been severely damaged and was virtually worthless. There was no other evidence of obvious impairment to specific assets. REQUIRED: What is the carrying amount of the goodwill after the recognition of the impairment loss in accordance with HKAS 36? ANSWERS: The carrying amount is $

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