Question
The following information was taken from the fixed asset records of Bosco Ltd. as of December 31, 2010: Carrying value 100,000 Selling price 85,000 Costs
The following information was taken from the fixed asset records of Bosco Ltd. as of December 31, 2010: Carrying value 100,000 Selling price 85,000 Costs of disposal 3,000 Expected future cash flows 75,000 Present value of expected future cash flows 63,000 What is the amount of Impairment loss under US GAAP? A. 37,000 B. 18,000 C. 15,000 D. 25,000
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Cost-Benefit Analysis
Authors: E.J. Mishan, Euston Quah
6th Edition
1138492752, 978-1138492752
