What is the carrying amount of goodwill for daimen ltd

Assignment Help Financial Accounting

Reference no: EM132706429

Daimen Ltd is a manufacturing company with three subsidiaries. The following information relates to the goodwill accounts of Daimen Ltd's subsidiaries, each of which is determined to be a separate CGU, for the year ended 30 June 2020 (prior to recognising any impairment losses):

Goodwill Accumulated impairment loss - Goodwill Carrying amount of CGU Recoverable amount of CGU

$ $ $ $

Natalie Ltd 50,000 10,000 250,000 270,000

Patient Ltd 40,000 Nil 310,000 250,000

Victoria Ltd 60,000 Nil 450,000 600,000

Problem 1: What is the carrying amount of goodwill for Daimen Ltd as at 30 June 2020 after recognising any impairment losses on 30 June 2020?

Option 1: $110,000

Option 2: $100,000

Option 3: zero

Option 4: $150,000

Reference no: EM132706429

Questions Cloud

How important is self-design intervention in an organization : How important is self-design intervention in an organizations?

Desire the outcomes that would result : None of the Simpsons is feeling very motivated. For each of the following scenarios, indicate whether the motivation problem concerns low expectancy

How to determine units in ending inventory : What steps to take to determine the operating income using absorption costing and variable costing? How to determine units in ending inventory?

What was speaker main message or purpose for speaking : What was the speaker's main message or purpose for speaking? What were the speaker's main points? What support for those points did the speaker provide?

What is the carrying amount of goodwill for daimen ltd : What is the carrying amount of goodwill for Daimen Ltd as at 30 June 2020 after recognising any impairment losses on 30 June 2020?

Discuss the cognitive and social changes : Discuss the cognitive and social changes that occur during adolescence and how these changes may impact on the health of an adolescent

How did e-business change the traditional buying model : How did e-business change the traditional buying model?

Identify the programs at 3 major hotel brands : Identify the programs at 3 major hotel brands. (Hilton Honours, Starwood Preferred Guest, and Best Western Rewards)

Cross-cultural management and communication : Which aspects require special consideration when aiming to resolve conflict in a cross-cultural business setting, as opposed to settings that involve only your

User Account

All Pages