A UK company buys Property Plant and Equipment (PP&E) on January 1 2014. The carrying amount...

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A UK company buys Property Plant and Equipment (PP&E) on January 1 2014. The carrying amount at the end of 2014 is $200,000. The recoverable amount is $300,000 on that date. Total Impairment Losses written off on the PP&E in previous years amount to $60,000. How much Recovery of Impairment Loss should the company record at the end of 2014? Select one: O a. None of these answers O b. $60,000 O c. $40,000 O d. No recovery of Impairment Loss Oe. $100,000 A UK company buys Property Plant and Equipment (PP&E) on January 1 2014. The carrying amount at the end of 2014 is $200,000. The recoverable amount is $300,000 on that date. Total Impairment Losses written off on the PP&E in previous years amount to $60,000. How much Recovery of Impairment Loss should the company record at the end of 2014? Select one: O a. None of these answers O b. $60,000 O c. $40,000 O d. No recovery of Impairment Loss Oe. $100,000

Answer rating: 100% (QA)

Answer The correct option is C 40000 ... View the full answer