Professional Question Practice

Question 1 of 8 Correct: 0 | Incorrect: 0

IFRS — IAS 36 - Impairment of Assets — QB-000488

A cash-generating unit containing goodwill is impaired. How is the loss allocated first?

First to inventory regardless of its recoverable amount Only to land First to reduce the carrying amount of goodwill allocated to the unit Equally to every asset before goodwill