Exam 15: Impairment of Assets

The carrying amount of a cash-generating unit was considered to be impaired. The impairment loss was $600. The cash-generating unit included the following assets: Goodwill $1000; Buildings $2000; Plant & Equipment $1500. The carrying amount of Goodwill after allocation of the impairment loss is:

The impairment test must be applied to tangible assets:

Nguyen Limited estimated that it would receive future cash flows from the use of equipment: $\blacktriangleright$ End of Year 1 $10 000 $\blacktriangleright$ End of Year 2 $50 000 $\blacktriangleright$ End of Year 3 $20 000 The discount rate was determined as 8%. The 'value in use' of the equipment is:

Where an asset is measured using the cost model, any impairment loss is:

Which of the following is NOT correct in relation to the reversal of an impairment loss of an individual asset?

Under IAS 36, the impairment testing of goodwill occurs at the:

At reporting date, the carrying amount of a cash-generating unit was considered to be have been impaired by $800. The unit included the following assets: Land $4000; Plant $3000; Goodwill $1000. The carrying amount of Goodwill after the impairment loss is allocated is:

Hayfield Limited recognised an impairment loss of $200 against a cash-generating unit containing the following assets: Buildings $500; Roads $300; Equipment $600. The net carrying amount of the Roads after allocation of the impairment loss is: