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show calculation and which one is correct? A company identifies an asset for which there are possible signs of impairment. The asset is currently held
show calculation and which one is correct?
A company identifies an asset for which there are possible signs of impairment. The asset is currently held in the financial statements at 20,000 using historic cost method. It is estimated that the asset could be sold for 12,000. Its value in use has been calculated at 18,000. At what value should the asset be carried in the financial statements? 10,000 O 8.000 12,000 O 18,000
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