montana produces canned fruit and is a cash-generating unit(CGU) of a larger entity.
this is a impairment test
at the end of 2009 montana had the following assets and liabilities, measured at cost
给了, Land 50 000
plant 250 000
accumulated depreciation (50000)
Goodwill 8000
Inventory 40000
cash 2000
total 300000
accounts payable (20000)
loans (30000)
net assets 250000
depreciation is 25000 per annum; useful life is 10 years.
the impairment test, which was conducted early January 2010, showed a value in use of 240 000
the fair value(less costs to sell) of the individual assets was estimated to be 200 000, with inventories and financial items having book values being the same as their fair values |