Jan-01 Cost 10,000,000

useful life 10
Annual depreciation ₱ 1,000,000.00

Accumulated depreciation 2,000,000

Carrying amount 8,000,000

Carrying amount 12/31/21 8,000,000
less: FV estimated with in - use premise 7,400,000
Impairment loss for 2021 600,000

Jan-01
Cost 5,000,000 Cost 5,000,000
Residual Value ₱ 500,000 Accumulated Dep as of 2020 ₱ 1,350,000
Depreciable amount ₱ 4,500,000 Carrying amount as of 2020 ₱ 3,650,000

Useful life 20
Annual Depreciation ₱ 225,000

Value in use ₱ 1,200,000 Carrying amount 3,650,000

Fair value 2,000,000 higher Fair Value 2,000,000
Impairment loss for 2021 1,650,000

Carrying amount 2,000,000

useful life 10
Annual Depreciation 200,000 Depreciation of the buildings for 2021 is 200,000
Jan-01 Cost 40,000,000
Residual value 2,500,000
Depreciable amount 37,500,000
Useful life 10
Annual Depreciation ₱ 3,750,000

Carrying amount 32,500,000

useful life 8
Annual Depreciation 4,062,500
Cost 40,000,000
Accummulated Depreciation as of 2021 ₱ 7,500,000
Carrying amount ₱ 32,500,000
 Account Amount Percentage of CGU Impairment loss
Inventory 7,000,000 28% 1,120,000
PPE 18,000,000 72% 2,880,000
Carrying amount of CGU 25,000,000 100%

Cash 4,000,000
Acc. Rec 6,000,000
AFDA -1,000,000
Inventory 7,000,000
PPE 22,000,000
Acc.Dep -4,000,000
Goodwill 3,000,000
Carrying amount of CGU 37,000,000
Value in use 30,000,000
Impairment loss 7,000,000
Goodwill 3,000,000
Excess Impairment 4,000,000
 cost
useful life
Annual Depreciation

Carrying amount
Value in use
Impairment loss

Updated Carrying amount

5,880,000
15,120,000
21,000,000

FV less cost of disposal

Carrying amount
Gain on reversal of impairment
22,000,000 Cost 22,000,000
10 Acc. Depreciation as of 2021 2,200,000
2,200,000 Carrying amount 19,800,000

19,800,000 Revaluated Carrying amount 17,100,000

17,100,000 Useful life 9
2,700,000 Annual depreciation ₱ 1,900,000.00

Revaluation carrying amount 17 17,100,000

Annual depreciation ₱ 1,900,000.00
Carrying amount 2021 ₱ 15,200,000.00

16,800,000
15,200,000
1,600,000
cost 4,000,000
Accumulated depreciation as of 2020 1,600,000
Carrying amount as of 2021 2,400,000

Carrying amount 2,000,000

Fair Value 650,000
Impairment Loss 1,350,000
Carrying amount 2,400,000
Annual Depreciation 400,000
Carrying amount as of 2022 2,000,000