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What is the impairment loss allocated to equipment

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Reference no: EM132675007

Arkin Company has determined that the furniture division is a CGU. The entity calculated the value in use of the division to be P33,000,000. The entity has also determined that the fair value less cost of disposal of the building is P19,500,000. The carrying amounts of the assets are as follows : Building P24,000,000; Equipment 12,000,000; Inventory 12,000,000

Problem 1: What is the impairment loss allocated to equipment?

Problem 2: What is the impairment loss allocated to inventory?

Problem 3: What is the total carrying amount of the depreciable assets after the impairment?

Reference no: EM132675007

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