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Dicot Ltd. has the following assets: Land: $1,340,000 Building: $7,100,000 Equipment: $1,160,000 Assume that due to a change in the governmental landscape, there was an

Dicot Ltd. has the following assets: Land: $1,340,000

Building: $7,100,000

Equipment: $1,160,000

Assume that due to a change in the governmental landscape, there was an indicator of impairment. The following information was provided: Undiscounted future cash flows: $9,650,000

Fair value of asset group: $9,300,000 Q1:

a) Calculate the impairment loss under ASPE.

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