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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!

next

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!

next

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