The accountant at Brevalis handles the Optics cash-generating unit, whose goodwill had been impaired by 50,000 in 20X1, as follows: (1) in 20X3, he notes indications of an increase in value; (2) he computes the unit's new recoverable amount; (3) he increases goodwill by 50,000 to cancel the 20X1 loss; (4) he documents the assumptions used in the closing file. Which step is wrong?
Single choiceIntermediatePublished