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CA Final Ind AS 36 — Impairment Loss Recognition, CGU Identification, Goodwill Allocation to CGUs, Disposal within CGU — practice questions
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Practice CA Final Ind AS 36 — Impairment Loss Recognition, CGU Identification, Goodwill Allocation to CGUs, Disposal within CGU in the app →Under Ind AS 36, an impairment loss is recognised:After an impairment loss is recognised, the depreciation/amortisation charge for the asset in FUTURE periods iGoodwill acquired in a business combination is allocated for impairment testing to:An asset has carrying amount ₹250 lakh; FV less costs to dispose ₹187 lakh; VIU ₹200 lakh. Recoverable amount A private railway in a mining operation has scrap-only sale value and its cash flows are NOT independent of thAn asset's carrying amount is ₹1,000; impairment loss ₹350; tax base ₹800; tax rate 30%; impairment NOT deductGoodwill allocated to a CGU CANNOT be tested on a non-arbitrary basis at the individual CGU level. The lowest An entity has a mine (CA ₹1,000) with a recognised restoration provision of ₹500 (PV of restoration). Offers tEntity A acquires Entity B for ₹50 mn. FV of identifiable net assets ₹35 mn; allocated ₹25 mn to CGU 1 and ₹10An entity disposes of an OPERATION within a CGU to which goodwill was allocated. The goodwill cannot be non-arAn entity reorganises its reporting structure: CGU A's goodwill is being redistributed across new CGUs B, C, DIf the initial allocation of goodwill acquired in a business combination cannot be COMPLETED before the end ofA bus company runs 5 routes under a municipal contract that requires minimum service on each route; cash flowsAn entity sells the output of an asset partially internally and partially externally. An active market exists An entity's CGU testing for the prior period included corporate-asset CA but the current period excludes it. IAn impairment loss on a CGU is allocated to its assets — but the carrying amount of any individual asset canno