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We are at the end of the period and as the accountant of the company, you decided to test the assets constituing the line of
We are at the end of the period and as the accountant of the company, you decided to test the assets constituing the line of production. You identified 2 assets, the asset A with a gross value of 8200 and a total depreciation of 2000 and the asset B with a gross value of 45000 and a total depreciation of 12690 . You obtained the potential immediate selling price of both asset, asset A = 6150 and asset B = 34000 . a) Is there anything to do about A?: O A. Following accounting principles, there is nothing to do. OB. Yes, considering that net value is to the fair value. b) About B?: O A. Yes, you should recognised the difference between the fair value and the net value. O B. The asset is under valued so we are not supposed to do anything. O C. No there is nothing to do considering that net value > fair value. OD. No, there is nothing to do considering that gross value > to the fair value
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