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How much of impairment loss should be allocated to building

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Reference no: EM132894081

Problem 1: Factor Company's cash generating unit has been assessed for impairment and it has been determined that the unit has incurred an impairment loss of P240,000. The carrying amounts of the assets were as follows: Building P6,000,000; Land P3,500,000; Equipment P2,000,000; Vehicles P2,500,000. The cash generating unit has not recorded goodwill. How much of impairment loss should be allocated to the building?

a) P50,000
b) P62,500
c) P87,500
d) P102,857

Reference no: EM132894081

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