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W limited had an impairment loss 246 million for one of it’s cash generating units. The nets assets was $900 million whereas the units recoverable amount was only $654 million
The net assets were made up of the following
Good will. 78 million
Property. 120 million
Machinery. 294 million
Vehicles. 210 million
Patents. 84 million
Net monetary assets. 114 million
Total: 900 millionThe fair value less cost to sell of the units were insignificant except for property which had market value of $210 million. The net monetary assets will be realized in full
Required:
Show how the impairment loss will be allocated
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