Question
Given the following data relates to assets in company ABC , determine whether impairment has occurred or not, and identify the amount to be recognized.
Given the following data relates to assets in company ABC , determine whether impairment has occurred or not, and identify the amount to be recognized.
|
| Carrying amount | Fair value less cost to sell | Value in use |
| Item 1 | 119,000 | 121,000 | 114,000 |
| Item 2 | 237,000 | 207,000 | 205,000 |
| Item 3 | 115,000 | 117,000 | 123,000 |
| Item 4 | 83,000 | 75,000 | 79,000 |
| Item 5 | 31,000 | 26,000 | - |
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Accounting And Finance An Introduction
Authors: Eddie McLaney
7th Edition
2309903011, 9781292012650
