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

question 34

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.
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. 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 E) None of the given answers. In accordance with AASB 136 "Impairment of Assets" what should be the carrying amount of buildings as at 30 June 2012?

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