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Shelley Beach Ltd Has One Cash Generating Unit (CGU)and It

Question 61

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Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows:
Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows: In accordance with AASB 136 Impairment of Assets ,what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd? A) B) C) D) E) None of the given answers. In accordance with AASB 136 "Impairment of Assets",what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd?


A) Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows: In accordance with AASB 136 Impairment of Assets ,what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd? A) B) C) D) E) None of the given answers.
B) Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows: In accordance with AASB 136 Impairment of Assets ,what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd? A) B) C) D) E) None of the given answers.
C) Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows: In accordance with AASB 136 Impairment of Assets ,what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd? A) B) C) D) E) None of the given answers.
D) Shelley Beach Ltd has one cash generating unit (CGU) and it has been determined that the CGU has incurred an impairment loss of $80,000 for the year ended 30 June 2012. The carrying amounts of the assets as at 30 June 2012 are as follows: In accordance with AASB 136 Impairment of Assets ,what is the appropriate journal entry to recognize the impairment loss for Shelley Beach Ltd? A) B) C) D) E) None of the given answers.
E) None of the given answers.

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