n our previous blogs, as a part of   IAS 36- Impairment of Assets ,   we discussed on what is cash generating unit (CGU), recoverable value, value in use and how to calculate impairment loss etc.   Impairment loss   is calculated as carrying value of an asset or CGU less its recoverable value. In this blog we will further discuss how to  recognise and measure impairment loss  of individual asset or CGU or group of CGU, whether with and without goodwill. Accounting entries for impairment loss on assets or CGU is provided for easy understanding. We’ll also discuss the  manner of impairment testing  to be followed if testing of individual assets/ CGUs coincides with the CGU/ Group of CGUs to which they belong. Recognising and measuring impairment loss (A) Individual asset or CGU without goodwill Accounting entry: Statement of P&L / OCI (in case of revalued assets) A/c Dr. (Impairment loss, if any on individual asset or CGU without goodwill...