Name:

Problem 1

No.1
Property cost 3,400,000
Accumuated depreciation 1,496,000 (1,360,000 +136,000)
Carrying value of property 1,904,000

No.2
Cost at June 30 2016 360,000
Less: Disposal July 1, 2016 32,000 328,000
Accumulated dep. -126,000
Disposal July 2016 (32k x 20% x 2yrs) 12,800 -113,200
Carrying value after disposal 214,800
Less: Depreciation (214,800 x 15%) -32,220
Additions April 2017 78,000
Less: Depreciation -2,925 75,075
CA June 310 2017 2,576,555

No. 3
Construction cost 1,200,000
Prof fees 7,800
Site preparation cost 90,000
Total cost 1,297,800

No. 4 290,000
Intangible- brand 101,500
Less: Acc dep 29,000 159,500
Less: Amortization 64,000
Capitalized dev cost 4,000 60,000
Less: Amortization 219,500
CA- June 30 2017

Land 1,500,000
Property cost 3,400,000
Less: Acc dep -1,360,000
Depreciation -136,000 1,904,000
Construction cost 1,297,000
Fixture 257,655
CA of PPE 4,959,455

No.5
Depreciation:
Property 136,000
Fixtures 35,145 171,145
Amortization 33,000
Total depreciation and amort 204,145

Problem 2

Question 1
Impairment loss allocated to goodwill

Question 2
Impairment loss allocated to other assets only inclue PPE and Patent. PAS 2 covers the impairment of Inventories.

Question 3
Impairment loss allocated to other assets only inclue PPE and Patent. PAS 39 covers the impairment of Financial Assets at FVO

Question 4
Total carrying amount
Value in use
Impairment loss
Impairment loss allocated to goodwill
Impairment loss allocated to other assets

Carrying amount before impairment

PPE (cost model) 30,000,000
Patent 10,000,000
Total 40,000,000

Question 5
Carrying amount before impairment
PPE (cost model) 30,000,000
Patent 10,000,000
Total 40,000,000
 2,000,000

the impairment of Inventories.

the impairment of Financial Assets at FVOCI.

72,000,000
60,000,000
12,000,000
(2,000,000)
10,000,000
Allocated Impairment
Fraction loss
3/4 7,500,000
1/4 2,500,000
10,000,000

Allocated Impairment
Fraction loss
3/4 7,500,000
1/4 2,500,000
10,000,000