Question: A major spare part is replaced in a machine at a cost of $ 100,000. here is a remain-ing carrying amount of the old part
A major spare part is replaced in a machine at a cost of $ 100,000. here is a remain-ing carrying amount of the old part of $ 2,000. How is the $ 2,000 treated?
Step by Step Solution
3.53 Rating (167 Votes )
There are 3 Steps involved in it
The carrying amount of the old part is derecognized and the remaining 2000 amount would be a loss i... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
396-B-A-I (6620).docx
120 KBs Word File
