Home /
Expert Answers /
Accounting /
identifiable-intangibles-and-goodwill-ifrs-international-foods-a-u-s-company-acquired-two-comp-pa828
(Solved):
Identifiable Intangibles and Goodwill, IFRS International Foods, a U.S. company, acquired two comp ...
Identifiable Intangibles and Goodwill, IFRS International Foods, a U.S. company, acquired two companies in 2013. As a result, its consolidated financial statements include the following acquired intangibles: International Foods reports using IFRS and allocating its goodwill to the following cash gathering units (CGUs): The following information is available at December 31, 2014: Unit book values are already adjusted for appropriate 2014 amortization and impairment of identifiable intangibles. Compute 2014 amortization expense and impairment losses on the above intangibles, following IFRS. Enter answers in millions, using decimal places when applicable.