Roller Ltd (Roller) is testing an asset for impairment. The carrying amount of the asset is $85,000. The following data has been obtained by Roller in relation to the asset:
- future cash flows expected to be derived from the asset - $100,000
- estimated fair value of the asset - $80,000
- present value of future cash flows expected to be derived from the asset - $60,000
- cos of disposal for the asset - $2000
In accordance with IAS 36 Impairment of assets, which one of the following is the recoverable amount of the asset?
A. $100,000
B. $80,000
C. $60,000
D. $78,000

Answer rating: 100% (QA)

D 78000 Explanation The recoverable amount of the ass... View the full answer