Quiz impairment for CGU
ISRATUN BT. IDRIS (P
Created on November 16, 2023
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Transcript
QUIZ CGU
start
20/100
question 1
A cash-generating unit is the smallest identifiable group of assets that generates ________ that are largely independent of the cash inflows from other assets or groups of assets.
Cash inflows
a
Expenses
B
Income
c
Production
d
20/100
Correct!
next
40/100
question 2
Revaluation
a
Depreciation
B
Increase
c
Impairment
d
The cash-generating unit to which goodwill has been allocated shall be tested for annual impairment, whenever there is indication of ___________.
40/100
Correct!
next
60/100
question 3
Cost
a
Market value
B
Carrying amount
c
Disposal value
d
The ____________ of the unit including the goodwill needs to be compared with the recoverable amount of the unit.
60/100
Correct!
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80/100
question 4
Correct
a
Incorrect Answer
Incorrect Answer
Incorrect
d
The impairment loss shall be allocated to reduce the carrying amount of the assets of the unit in the following order: 1. To reduce the carrying amount of any goodwill allocated to the CGU; and 2. To the other assets of the unit, a pro rata basis on the carrying amount of each asset in the unit.
80/100
Correct!
next
100/100
question 5
RM100,000
a
RM110,000
B
RM120,000
c
RM10,000
d
Asset for company list as below:-Goodwill 100,000Net asset 380,000Recoverable Amount for CGU is RM370,000What is the amount for impairment loss?
100/100
Correct!
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