Impairment test in 2012 December question 1Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBR Exams › Impairment test in 2012 December question 1This topic has 5 replies, 2 voices, and was last updated 9 years ago by MikeLittle.Viewing 6 posts - 1 through 6 (of 6 total)AuthorPosts November 14, 2015 at 6:59 am #282252 teeboyzMemberTopics: 19Replies: 52☆☆Hello again MikeMay i ask why is the net assets taken for calculating the impairment is from the “Total Asset”?I’ve done other past year but others using “Total Equity” to do the calculation November 14, 2015 at 7:39 am #282264 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆Because, from memory, that’s what the question specified! November 14, 2015 at 8:47 am #282276 teeboyzMemberTopics: 19Replies: 52☆☆It’s because the question says..Impairment test on cash generating unit , without liabilities…..CGU is the keyword? November 14, 2015 at 3:37 pm #282347 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆No, the key words are “without liabilities” ie just the assets November 14, 2015 at 3:48 pm #282350 teeboyzMemberTopics: 19Replies: 52☆☆Thank you very much Mike! November 14, 2015 at 3:54 pm #282355 MikeLittleKeymasterTopics: 27Replies: 23327☆☆☆☆☆You’re welcomeAuthorPostsViewing 6 posts - 1 through 6 (of 6 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In