Valix Finacc vol 1 Problem 20-31

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 20 Problem 20-31

1. Total carrying amount                                                                                             5,000,000

    Value in use                                                                                                 4,230,000

    Impairment loss                                                                                                          770,000

2. Impairment loss                                                                                  770,000

            Goodwill                                                                                                            500,000

            Accumulated depreciation – building (25/45 x 270,000)                                    150,000

            Inventory (15/45 x 270,000)                                                                                    90,000

            Trademark (5/45 x 270,000)                                                                                   30,000