Impairment Allocated To Land

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9.

Impairment allocated to land


Total CGU ₱ 6,000,000.00
Value in use ₱ (4,500,000.00)
Impairment loss ₱ 1,500,000.00
Multiply by share of land (1.8/6) 0.30
Impairment loss allocated to land ₱ 450,000.00

10. Decrease in retained earnings


FIFO - 1/1/22 ₱ 1,000,000.00
Weighted Average - 1/1/22 ₱ (750,000.00)
Decrease in retained earnings ₱ 250,000.00

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