Palm Beach Ltd Has a Cash Generating Unit (CGU)and Has

question 56

Multiple Choice

Palm Beach Ltd has a cash generating unit (CGU) and has been assessed for impairment and it has determined an impairment loss of $100 000. The following information relates to the assets as at 30 June 2012. $$\begin{array} { | l | r | r | } \hline & \text { Carrying amount } & \text { Recoverable amount } \\\hline \text { Buildings } & 800000 & 900000 \\\hline \text { Equipment } & 200000 & 150000 \\\hline \text { Goodwill } & 50000 & \\\hline\end{array}$$ In accordance with AASB 136 Impairment of Assets what should be the carrying amount of buildings as at 30 June 2012?

• A) $720 000
• B) $760 000
• C) $800 000
• D) $900 000

Recognize the impact of personal well-being on learning effectiveness.

Evaluate the effect of collaborative and independent learning.

Identify strategies for adapting to or compensating for learning disabilities.

Understand the characteristics of different learning preferences and styles.

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Definitions:

Contract of Affreightment

An agreement between a ship-owner and a charterer to transport goods in a specified quantity over a set period of time without designating a specific vessel.

Bill of Lading

A legal document between a shipper and carrier; it details the type, quantity, and destination of the goods being carried.

Negotiable Instrument

An instrument in writing that, when transferred in good faith and for value without notice of defects, passes a good title to the instrument to the transferee.

Contract of Carriage

An agreement between a carrier and a shipper for the transport of goods or passengers.