Cella Corporation s statement of financial position shows property plant and
Cella Corporation's statement of financial position shows property, plant, and equipment of $100,000. The notes to its financial statements state that the amount is represented by a cost of $600,000, accumulated depreciation of $300,000, and accumulated impairment losses of $200,000. Discuss the usefulness of the information provided, referring to the qualitative characteristics identified in the conceptual framework for financial reporting (discussed in Chapter 2).
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