Reference no: EM132555799

Black Ltd had a cash generating unit (CGU) with the following carrying amounts at 30 June 20X1.

$

Equipment                                35,000

Accumulated Depreciation            (15,000)

Patent                                         8,000

Inventory                                     1,000

Accounts Receivable                         900

Goodwill                                          400

All of the Accounts Receivable were regarded as collectible, and the Inventory was measured according to AASB 102 Inventories. The Patent had a fair value less costs of disposal of $7783. At 30 June 20X1, Black Ltd undertook impairment testing in accordance with AASB 136, and determined the Recoverable Amount of the CGU to be $26722.

Required:

Question 1: Write in the box below the amount of any Impairment Loss that would be allocated to the Equipment at 30 June 20X1 in accordance with the requirements of AASB 136.