Question
A business has four assets, which the directors wish to test for impairment: Asset Carrying amount Fair value less cos t to sell
A business has four assets, which the directors wish to test for impairment:
Asset | Carrying amount £ | Fair value less cos t to sell £ | Value in use £ |
1 | 20,000 | 21,000 | 22,000 |
2 | 22,000 | 18,000 | 19,000 |
3 | 19,000 | 17,000 | 21,000 |
4 | 15,000 | 14,000 | 12,000 |
Which above assets are impaired according to IAS 36 Impairment of assets?
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According to IAS 36 Impairment of Assets an asset is impaired if its carrying amount exceeds its rec...
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
