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BFA605 Financial And Corporate Accounting

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Question:

Part A:

Reversal of an impairment loss for cash generating units

Part B:

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:

Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations.

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