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1 Xebob Corporation (XC) decides on March 28, 2021 to sell three assets that are part of different cash-generating units to the same acquirer. The
1 Xebob Corporation (XC) decides on March 28, 2021 to sell three assets that are part of different cash-generating units to the same acquirer. The year-end of XC is December 31 2021. The assets are classified as a disposal group in terms of IFRS 5, Non-current Assets Held for Sale and Discontinued Operations. The following information is provided on December 31 2021: Asset Carrying amount (X) Faire value less cost to sell (Y) A 5400 5200 B 8200 8900 3500 3800 Total 17100 17900 Calculate the impairment loss for the organization assets, and record the transaction
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
