Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

13 pls show complete solution Question 13 1 p An entity operates several external degree programs and has conducted an impairment test on its cash

image text in transcribed

image text in transcribed

13

pls show complete solution

Question 13 1 p An entity operates several external degree programs and has conducted an impairment test on its cash generating unit in respect of its advanced degree program session. While estimates of the recoverable amount of the session is around P2,040,000, the carrying amount of the session's assets are as follows: Goodwill 200,000 550.000 400.000 Building, at depreciated cost Furniture, transportation, and auxiliary equipment, at depreciated cost Intangible assets, at amortized cost Investment property, at fair value Investments in equity securities at fair 250.000 B00.000 170,000 value 230.000 Cash and cash equivalents Trade receivables, at amortized cost 300.000 The accounts receivable is regarded as collectible, except those considered doubtful. The furniture, transportation and auxiliary equipment has a fair value less cost of disposal of P380.000. How much is the total carrying amount of property, plant and equipment after the impairment assessment? The accounts receivable is regarded as collectible, except those considered doubtful. The furniture, transportation, equipment has a fair value less cost of disposal of P380.000. How much is the total carrying amount of property, plant and equipment after the impairment assessment? 876.0 0810.625 O 83.701 O 930.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Peter J. Eisen

5th Edition

0764135473, 9780764135477

More Books

Students also viewed these Accounting questions

Question

(Ka=4.7106)

Answered: 1 week ago