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ABC Ltd conducted an impairment test of one of its cash generating units (CGU) at...

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Accounting

ABC Ltd conducted an impairment test of one of its cash generating units (CGU) at 30
June 20X0. The test determined that the recoverable amount of the entire CGU was
$80,000. The carrying amounts of the assets of the entity at 30 June 200 were:
Equipment (net of depreciation)$ 63,000
Receivables $ 15,000
Goodwill $22,0000
Required
Prepare the journal entry to account for the impairment of goodwill at 30 June 20X0.
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