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please show all workings step by step The following represents the trial balance extract for Hurry Hurry Co, at December 31, 201 Hurry Hurry Co.
please show all workings step by step The following represents the trial balance extract for Hurry Hurry Co, at December 31, 201 Hurry Hurry Co. owns and operates a unit that suffers a huge drop in income due to a fork-lif truck that reversed into one of its buildings (causing an impairment) that cost 3,000,000 causit severe damage. This incident occurred on December 31, 2017 The company depreciates it plant and machinery and equipment at 20% per annum on cost. The recoverable amount of the unit is estimated at $90,000,000. It is considered that the carrying amount other net assets is a reasonable representation of its net realizable value. Required: i) Calculate the carrying amount of the unit. ( 6 marks) ii) Calculate the carrying amount of the assets above at December 31,2017 after applying
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