As on April 1, 2009 the carrying amount of ATM (automated teller machine) of a bank is
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As on April 1, 2009 the carrying amount of ATM (automated teller machine) of a bank is ₹8,50,000. By considering internal and external indicators company recognizes impairment loss. The net sales value is assessed ₹5,25,000 and value in use is calculated as ₹6,80,000. Show how this ATM is to be impaired in the year 2009. What would be your answer if value in use of ATM is considered ₹4,20,000?
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