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Calculate impairment loses for the cash generating units

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Question - Cox Ltd acquired all the shares in Dox Ltd on 1 January 2017 for $2,800,000. Dox Ltd is made up of 3 cash generating units, that is Xele, Yona and Zele. The fair values of these cash generating units' net assets were $1,000,000, $672,000 and $480,000 respectively. Other information related to these units was as follows:

31/12/2017 XELE YONA ZELE TOTAL

Net carrying amount 1,280,000 520,000 304,000 2,104,000 (excluding goodwill)

Recoverable amount 1,464,000 776,000 265,000 2,505,000 (including effect on goodwill)

Required - Calculate impairment loses for the cash generating units (where applicable) on 31 December 2017.

Reference no: EM133037580

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