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What is the impairment loss to be allocated to the equipment

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Question - Doc Company has determined that its electronics division is a cash generating unit. The entity calculated the value in use of the division to be P8,000,000. The assets of the cash generating unit at carrying amount are as follows:

Building 5,000,000

Equipment 3,000,000

Inventory 2,000,000

Doc Company has also determined that the fair value less cost to sell of the building is P4,500,000. What is the impairment loss to be allocated to the equipment?

Reference no: EM133188135

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