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On December 31, 2019, an entity had an equipment with cost of P9,000,000 and accumulated depreciation of P3,000,000. Due to obsolescence and physical damage, the
On December 31, 2019, an entity had an equipment with cost of P9,000,000 and accumulated depreciation of P3,000,000. Due to obsolescence and physical damage, the equipment was found to be impaired. On same date, the entity determined that the equipment had a fair value less of disposal of P4,500,000, discounted net cash inflows of P4,000,000 and undiscounted net cash inflows of P5,000,000. What is the impairment loss for 2019?
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