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How much impairment loss was allocated to the building

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Reference no: EM133064890

Question - Fluffy Company's division one is a cash generating unit. The company has determined the recoverable value of division one to be P440,000.

Moreover, the company has also determined the following for its building:Value in use P240,000

Fair value less cost of disposal 260,000The carrying amounts of division one's assets are as follows:

Inventory P160,000 Building 320,000

Equipment 160,000 Goodwill 10,000

Required -

1. How much impairment loss was allocated to the building?

2. How much impairment loss was allocated to the inventory?20. How much impairment loss was allocated to the equipment?

Reference no: EM133064890

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