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ACC204 Introduction To Financial Accounting

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Question:

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:
Account                                                                                    Carrying Amount
plant 106000
Equipment 24000
Fittings 15000
Inventory 6000
Goodwill 5000
Total CA 156000
Gali Ltd calculated the value in use of the division to be:
If the fair value less costs of disposal of the
Required  
Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.
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