MNO Ltd conducted an impairment test of one of its cash generating units CGU at
June X The test determined that the recoverable amount of the entire CGU was
$ The carrying amounts of the assets of the entity at June both before
and after impairment were:
The following year, at June the recoverable amount of the CGU was estimated to
be $ greater than the carrying amount of the CGU at that date. As a result, MNO
Ltd recognised a reversal of the previous year's impairment loss.
Depreciation expense related to motor vehicles for the year ended June X was
$ If motor vehicles had not been impaired, depreciation expense would have been
$ Patent is not amortised.
Required
Prepare the journal entry to account for the reversal of the impairment loss at June
