What is carrying amount of intangible asset after impairment

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Hackman Company operates a production line which is treated as a cash generating unit. At year-end, the carrying amounts of the noncurrent assets of this cash generating unit are: Intangible - goodwill 2,200,000; Tangible - plant and machinery 4,400,000. At year-end, the recoverable amount of the production line is estimated at P5,400,000.

Problem 1: What is the carrying amount of intangible asset after impairment?

Problem 2: What is the carrying amount of the tangible asset after impairment?

Reference no: EM132674955

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