Question
In 2015, Bambung Corporation acquired production machinery at a cost of 416,000, which now has a book value of 197,000. The discounted future cash flows
In 2015, Bambung Corporation acquired production machinery at a cost of £416,000, which now has a book value of £197,000. The discounted future cash flows from use of the machinery is £179,000 and its fair value less costs to sell is £156,000. What amount should Bambung recognize as a loss on impairment under IFRS?
A. £18,000
B. £23,000
C. £41,000
D. - 0 -
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Step: 1
Option A 18000 As per IAS 36 Impairment of asset imapirment exists if the Carrying value of the ...
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Financial Accounting An Integrated Statements Approach
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
2nd Edition
324312113, 978-0324312119
