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How much is the carrying amount of asset

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Question - An entity has determine that one of its cash-generating units (CGUs) has sustained an impairment loss of P75,000. The carrying amounts of the assets within the CGU are as follows:

Asset 1 P225,000

Asset 2 300,000

Asset 3 75,000

Total P600,000

The estimated fair value less costs of disposal of Asset 2 is P285,000, which is greater than its value in use.

How much is the carrying amount of Asset 1 after impairment loss is recognized?

Reference no: EM132975985

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