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What intangible asset category

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Reference no: EM132729006

Question - Find Empire Company Limited's audited annual consolidated financial statements as at/for the 52 weeks ended May 2, 2020 ("fiscal 2020").

Required -

a) Does Empire use the cost or fair value model to account for its investment property?

b) What is the amount of the impairment losses taken on equipment (subcategory) during fiscal 2020?

c) What intangible asset category (remember goodwill is its own separate item) has the highest carrying value at May 2, 2020? What is the amount?

d) i) How much goodwill is recorded at May 2, 2020 related to Farm Boy?

ii) What type of model was used to estimate the recoverable amount for impairment testing purposes of Farm Boy goodwill?

Reference no: EM132729006

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