Solution-Has the cgu have nay impairment loss

Has the cgu have nay impairment loss

Assignment Help Accounting Basics

Reference no: EM133133995

Question - Venus Co. has collected the following data for impairment test of a Cash Generating Unit (CGU) on September 31, 2021, which is the end of its fiscal year.

	Book value	Fair value	Costs to sell	Value-in-use
Goodwill	$30,000
Machinery	250,000	$200,000	$5,000	220,000
Building	400,000	450,000	10,000	$380,000
Total for the CGU	$680,000	$650,000	$15,000	$600,000

Required - Has the CGU have nay impairment loss in 2021? If yes then calculate and record the impairment loss on the CGU on September 31, 2021.

Reference no: EM133133995

Questions Cloud

How much interest have you accrued by that time : If you chose to keep the balance of $8000 for an entire year (no payments are required for the first 12 months), how much interest have you accrued by that time

What did bill pay for his investment : Bill bought 130 shares of a mutual fund with a NAV of $13.10 and a load charge of 8.5%. What did Bill pay for his investment

The federal reserve system and the money supply : The Federal Reserve manages the amount of money in circulation by buying or selling U.S. Treasury securities, usually Treasury bills.

Protestant-catholic income gap in germany : What factors did German economist Spenkuch find to account for the Protestant-Catholic income gap in Germany? How do these factors relate to the concept of a Pr

Has the cgu have nay impairment loss : Has the CGU have nay impairment loss in 2021? If yes then calculate and record the impairment loss on the CGU on September 31, 2021

Outpatient care and inpatient care : Discuss all of the following in regards to substitutes and complementsdo not? *Please discuss how they are related in term, this is a health economic course.

Comparing the interest rates are best : When deciding to save or invest, comparing the interest rates are best. I enjoy meeting people who love to save their money;

Why the philippines is lagging behind on fdi : Why the Philippines is lagging behind on Foreign Direct Investments (FDIs) compared with other ASIAN countries?

Sketch the us supply curve for cotton : The U .S . supply curve for cotton without subsidies Suppose that U.S. cotton growers did not receive subsidies. Assuming that all U.S. growers have a unit cost

User Account

All Pages

Has the cgu have nay impairment loss

Reference no: EM133133995

Reference no: EM133133995

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT