{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T16:31:38-04:00", "answer_date": "2024-06-09 16:31:38", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2525939", "url": "\/study-help\/questions\/the-ice-cream-factory-located-in-thailand-has-been-incurring-2525939", "question_creation_date_js": "2024-06-09T16:31:38-04:00", "question_creation_date": "Jun 09, 2024 04:31 PM", "meta_title": "[Solved] The ice cream factory located in Thailand | SolutionInn", "meta_description": "Answer of - The ice cream factory located in Thailand has been incurring losses for the past 3 years. Management is contemplating | SolutionInn", "meta_keywords": "cream,factory,located,thailand,incurring,losses,3,years,management,contemplating,option,restructuring", "question_title_h1": "The ice cream factory located in Thailand has been incurring losses for the past 3 years. Management is contemplating the option of either restructuring the", "question_title": "The ice cream factory located in Thailand has been incurring losses for", "question_title_for_js_snippet": "The ice cream factory located in Thailand has been incurring losses for the past 3 years Management is contemplating the option of either restructuring the plant or selling it to an external party Management believes that losses will continue for another 2 years at about $ 3 0 m per year before the business operation could turnaround At year end, neither the restructuring plan nor the plan to sell was finalised The carrying amount of the net assets of the plant at year end was $ 4 0 0 m Based on its current condition, the recoverable amount of the plant was estimated at $ 3 5 0 m Can you explain the accounting treatment that shall be accorded to the above case, shall we record provision liabilities ", "question_description": "
The ice cream factory located in Thailand has been incurring losses for the past <\/span>3<\/mn><\/mrow><\/math> years. <\/span> <\/div>
Management is contemplating the option of either restructuring the plant or selling it to an external party. Management believes that losses will continue for another <\/span>2<\/mn><\/mrow><\/math> years at about $<\/span>3<\/mn>0<\/mn><\/mrow><\/math>m per year before the business operation could turnaround. At year end, neither the restructuring plan nor the plan to sell was finalised. The carrying amount of the net assets of the plant at year end was $<\/span>4<\/mn>0<\/mn>0<\/mn><\/mrow><\/math>m<\/span>.<\/mo><\/mrow><\/math> Based on its current condition, the recoverable amount of the <\/span> <\/div>
plant was estimated at $<\/span>3<\/mn>5<\/mn>0<\/mn><\/mrow><\/math>m<\/span>.<\/mo><\/mrow><\/math> <\/div>
Can you explain the accounting treatment that shall be accorded to the above case, shall we record provision liabilities?<\/span><\/div><\/span> <\/div><\/div>", "transcribed_text": "", "related_book": { "title": "Payroll Accounting", "isbn": "113396253X, 978-1133962533", "edition": "2013 edition", "authors": "Bernard J. Bieg, Judith A. Toland", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/263.jpg", "uri": "\/textbooks\/payroll-accounting-2013-edition-263", "see_more_uri": "" }, "free_related_book": { "isbn": "0073530190", "uri": "\/textbooks\/management-a-practical-introduction-3rd-edition-9780073530192-115079", "name": "Management A Practical Introduction", "edition": "3rd Edition" }, "question_posted": "2024-06-09 16:31:38", "see_more_questions_link": "\/study-help\/questions\/business-general-management-2023-February-20", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/suppose-that-the-inner-cylinder-of-figure-is-made-of", "description": "Suppose that the inner cylinder of Figure is made of nonconducting material and carries a volume charge distribution given by ?(r) = C\/r, where C = 200 nC\/m2. The outer cylinder is metallic. 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