Question
On June 2, 2015, Olsen Inc. purchased a building with a cost 2,360,000. At December 31, 2015 and December 31, 2016, the following is available
On June 2, 2015, Olsen Inc. purchased a building with a cost 2,360,000. At December 31, 2015 and December 31, 2016, the following is available for impairment testing:
12/31/2015 12/31/2016
Fair value less costs to sell 2,280,000 2,265,000
Value-in-use 2,330,000 2,390,000
The 2016 income statement will report
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Auditing Corporate Surveillance Systems Research Methods For Greater Transparency
Authors: Isabel Wagner
1st Edition
1108837662, 978-1108837668
