Answer to Question #93006 in Other for LUCIA

Question #93006
how to record the following in a general journal:
the investment in UU (pty0Ltd (37500 ordinary shares)was also acquired a few years ago. The issued number of ordinary shares of UU IS 37500 shares. Since the beginning of 2018, the profitability of UU is under pressure. Consequently, an impairment loss of 500000 in respect of the investment in UU
Expert's answer
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