|Part A:1000 word short essay about the following:|
|Disclosure of an impairment loss.|
|Gali Ltd has determined that its fine china division is a CGU. The carrying amounts of the assets at 30 June 2015 are as follows:
|Gali Ltd calculated the value in use of the division to be:||465000|
|If the fair value less costs of disposal of the||Patent is:||335885|
|Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.|
The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references.