Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Karthik LLC has an equipment as at 31st December 2020 with following details Particulars Amount OMR Market value of the equipment 40.000 Carrying amount of

image text in transcribed
Karthik LLC has an equipment as at 31st December 2020 with following details Particulars Amount OMR Market value of the equipment 40.000 Carrying amount of the equipment 50.000 Cost of disposal for equipment 1.000 Present values of expected cash flows from the usage of equipment 46.000 Expected future cash flow from the equipment 55.000 (A) From the above information find recoverable amount of the equipment (1 Mark) OMR 46,000 OMR 55,000 OMR 50,000 OMR 39,000 ove information of Karthik LLC, The appropriate accounting treatment for the equipment shall be 1 Mark)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

101.0

Answered: 1 week ago

Question

What is the meaning and definition of E-Business?

Answered: 1 week ago