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The correct method for calculatinAt reporting date Guzzle Limited estimated an impairment loss of $50 000 against its single cash-generating unit. The company had the
The correct method for calculatinAt reporting date Guzzle Limited estimated an impairment loss of $50 000 against its single cash-generating unit. The company had the following assets: headquarters building $200 000; plant $120 000; equipment $80 000, goodwill $20 000. The net carrying amount of the headquarters building after allocation of the impairment loss is: Question 1Answer a. $150 000 b. $170 000 c. $175 000 d. $185 000 e. None of the aboveg the amount of a deferred tax liability or asset may be expressed as which of the following formulas? Question 10Answer a. (Carrying amount of assets or liabilities tax bases of assets or liabilities) tax rate b. Carrying amount of assets or liabilities (tax bases of assets or liabilities tax rate) c. (Carrying amount of assets or liabilities tax rate) tax bases of assets or liabilities d. Carrying amount of assets or liabilities tax bases of assets or liabilities e. None of the above
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