Student # 11600390 Step 1: Select your student number from the drop down list Step 2: Find your following assignment question and follow the directions . Step 3: Prepare your assignment including Part A and part B in Microsoft Word. Step 4: Upload your assignment in Turnitin before the due date. This assignment has 2 parts, 1000 + 10% word theory interpretation essay and a response to a practical application of the theory. The assignment must be typed, use Arial font, 12, to avoid plagiarism, make sure you do proper referencing, at least use 6 references, to be submitted the soft copy in Turnitin and hard copy in lecture Week 10. Please ensure you attach a KOI assignment cover sheet, with ID numbers and signed. Late assignments will be penalised, 10% deduction per day. Part A:1000 word short essay about the following: Impairment loss for Cash generating units excluding Goodwill 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: " Account Carrying Amount Patent 390000 Equipment 90000 Fittings 57000 Inventory 25000 Goodwill 21000 Total CA 583000 Gali Ltd calculated the value in use of the division to be: 520000 If the fair value less costs of disposal of the Patent is: 374749 Required Prepare the journal entry(ies) for any impairment loss occurring at 30 June 2015 including supporting calculations. 6 17 49 5 57 99 84 17