Question
On 30 September 2017 an impairment review was carried out on a machine . The following amounts were established in respect of the machine: $
On 30 September 2017 an impairment review was carried out on a machine . The following amounts were established in respect of the machine:
$
Carrying amount850,000
Value in use760,000
Fair value850,000
Costs of disposal30,000
The recoverable amount of the machine is?
Select one:
a.$850,000
b.$820,000
c.$760,000
d.$790,000
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Intermediate Accounting 2014 FASB Update
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
15th edition
978-1118938782, 111893878X, 978-1118985311, 1118985311, 978-1118562185, 1118562186, 978-1118147290
