intermediate accounting)

1. Equipment was purchased on June 30, 2020 at a cost of $40,000 with no salvage value and 5 years useful life compute book value (BV) on Dec.31, 2021 using Double Declining Method (DDM)

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2. A Goodwill has a cost of $200,000 was acquired by Jan.1, 2019.

Required: On Jan. 2020 the recoverable amount is $170,000 what is the impairment loss should be recognized if there is ------

1.Equipment was purchased on June 30, 2020 at a cost of $40,000 with no salvage value and 5 years useful life compute book value (BV) on Dec.31, 2021 using Double Declining Method (DDM)

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2. A Goodwill has a cost of $200,000 was acquired by Jan.1, 2019.

1. On Jan. 2020 the recoverable amount is $170,000

2. On January 2021 the recoverable amount was $180,000

Required: Compute the recovery of impairment loss in 2021 if there is

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3. A Goodwill has a cost of $200,000 was acquired by Jan.1, 2019.

Required: On Jan. 2020 the recoverable amount is $170,000 what is the impairment loss should be recognized if there i