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IMPAIRMENT OF ASSETS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › IMPAIRMENT OF ASSETS

  • This topic has 1 reply, 2 voices, and was last updated 11 months ago by P2-D2.
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  • July 3, 2021 at 11:54 pm #626929
    shaunak22
    • Topics: 195
    • Replies: 32
    • ☆☆☆

    When a cash generating units is impaired impairment is first allocated to purchased goodwill and then to assets on a pro rata baisis

    WHY IS CGU IMPAIRMENT ALLOCATED TO PURCHASED GOODWILL?

    July 5, 2021 at 8:25 pm #627045
    P2-D2
    Keymaster
    • Topics: 4
    • Replies: 6115
    • ☆☆☆☆☆

    Hi,

    The purchased goodwill does not represent anything specific within the business. It is just the excess amount that has been paid to acquire a business, so if the value of a business has fallen then it makes sense to take it to the amount that does not represent anything tangibly.

    Thanks

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