Shelley Beach Plc Has One Cash Generating Unit (CGU)and It

Shelley Beach Plc has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of £80 000 for the year ended 30 June 2014. The carrying amounts of the assets as at 30 June 2014 are as follows: $$\begin{array} { | l | r | } \hline & \text { Carrying amount } \\\hline \text { Buildings } & 300000 \\\hline \text { Equipment } & 300000 \\\hline \text { Goodwill } & 20000 \\\hline \text { Total } & \underline { 620000 } \\\hline\end{array}$$ In accordance with IAS 36 Impairment of Assets,what should be the carrying amounts for buildings,equipment and goodwill as at 30 June 2014,respectively?

A) £240 000; £300 000; £0
B) £260 000; £260 000; £20 000
C) £270 000; £270 000; £0
D) £300 000; £300 000; £20 000

Correct Answer:

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