chapter 12 IAS 36

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February 18, 2018 at 6:23 am #437820
ammu88
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In example 1 , why goodwill is impaired to Nil. Plz explain that.
February 21, 2018 at 9:11 pm #438273
P2-D2
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Hi,

The CGU is impaired and the impairment is allocated against specific assets first before then being allocated to goodwill. Following the specific impairment there is sufficient impairment left that can be allocated fully to goodwill, hence it’s zero value.

Tahnks
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