Topic covered: IAS 36 Impairment of Assets
(specifically, cash-generating unit impairment)

Date prepared/updated: July 2011

Question length: 4 pages
Solution length: 5 pages

Required:
Determine if Yogi’s Yogawear has an impairment under IAS 36 and if so, the amount of the impairment loss. If applicable, include the related journal entry and disclosures required in the December 31, 2X10 financial statements. (Appendix C includes formulas that may be useful.)

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