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What is the elimination journal entry

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Question - Lily Ltd acquired all the issued share capital of Nadal Ltd on 1 July 20X0. Goodwill acquired was $1,000,000 and Lily Ltd tests this goodwill for impairment every year. As at July 1 20X5 $500,000 of the original goodwill had been recorded as impaired. For the year ended June 30 20X6 a further $100,000 was regarded as being impaired. What is the elimination journal entry accounting for the impairment of this goodwill in Lily Group consolidated financial statements for the year ended 30 June 20X6?

Reference no: EM133065297

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