Discuss whether the building should be written down to $8 million. Provide any journal entries necessary.

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:05 PM

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Discuss whether the building should be written down to $8 million. Provide any journal entries necessary.

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As the building generates no cash flows of its own it is not a separate CGU but is a part of the ...View the full answer

Applying International Financial Reporting Standards

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