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Dear tutor,
Hope you are doing well,
Could you please provide me with an understanding of the impairment question in the BPP question book. This is quite strange for me.
I have the book of BPP for the exam until June 2020.
For example, in the question it states all the before impaired asset such as:
PPE xxx
Goodwill xxx
Patent xxx
NCA (@ NRV)Question state: what would be the value of xxx PPE after the allocation of the impairment loss?
(recoverable amount of xxx)How do we know that we have to completely cut down one or more assets?
in this example, goodwill becomes Nil and we split the impairment between PPE and Patent.
Hope this is clear if not I Can try again.
Thanks, Jeffrey
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