Question
RST Corporation is an IFRS reporting company and has the following information related to some if its manufacturing equipment. Fair value = $13,000,000 Costs to
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RST Corporation is an IFRS reporting company and has the following information related to some if its manufacturing equipment.
Fair value = $13,000,000
Costs to sell = $750,000
Value in use = $12,570,000
Net carrying amount = $15,560,000
What is the amount of the impairment loss that RST Corporation will report on its income statement?
a. $430,000
b. $3,310,000
c. $2,990,000
d. $1,810,000
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Your Financial Well Being How To Get Your Financial Well Being With Smart Spending Habits
Authors: Fransisca Patten
1st Edition
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