22. Under IFRS, value-in-use in the impairment test of P&E is defined 2. Selling price minus Selling cost b. Selling price C. Present Value (PV) of future cash flow . Undiscounted som of future cash flows 23. Which of the following statement is correct regarding the reli& Under U.S. GAAP, the evaluation of PPES b. Under U.S. GAAP, the evaluation of Pipe c. Under IFRS, the revaluation of Preis required & Under IFRS, the evaluation of PPR is pernited For the questions 24 - 26, we the following information Nokia purchase equipment for S00.000 Jan 1, 2014 straight-line method for depreciation Nokia chores resin every December 31. 24. On January 1, 2014, the equipment has fol Beats yan and in re value is rero. The fair value of equipment on December 31, i 31,00,000 the journal entry on December 31, 2014. how much of evaluate Surplus credited $0 b. S150.000 C5300,000 d. 51.900.000 25. After all the necessary jurnal tries on December 31, 2014 in the questi! what is the new carrying value of the 50 $1,600,000 51.900.000 d. 52.000.000 26. On January 1, 2015, the equipment has a useful life of your wil in value is vero. The fair value of equipment in December 31, 3230 The journal entry on December 31, 2015 include: Revaluation Suplus is credited b. Impuirment Lossis debitel 6. PPAE iscredited d. None of the above 2. Under IFRS, value-in-use in the impairment test of PP&E is defined as Selling price minus Selling cost b. Selling price Present value (PV) of future cash flows d. Undiscounted sum of future cash flow 23. Which of the following statement is correct regarding the rest of PP&E? Under US GAAP, the revaluation of PPAE Under US. GAAP, the revolution of PPA is per Under IFRS, the evaluation of PRE is required d. Under IFRS, the evaluation of PPR is permited For the questions 24 - 26 use the following informatie Nokia purchases equipment for $2,000,000 o mar 1.-2014. Noli me the straight-line method for depreciation Nokia chose to realiteit en every December 31. 24. On January 1, 2014, the equipment has a well of 5 years and in residual value is rere. The fair value of equipment on December 12, 2014 in 51.900,000 the journal entry on December 31, 2014, how much Renate Suresi credited SO $150.000 5300,000 51.900.000 25. After all the necessary journal entries on December 31, 2014 in the question 24, What is the new carrying value of the equipment 51.600.000 $10.00 520000 1. 1. 2015, the enthal The fair value of equipment on December 11, 2015 Thay December 1, 2015 sited 7