Determine the recoverable amount of each of the following four assets and state the amount of any impairment loss which should be recognised in each case Asset 1 Asset 2 Asset 3 Asset 4 Carrying amount 25,000 6,500 18,250 11,400 Fair value less costs of disposal 22,500 3,750 17,500 13,400 Value in ...

Recoverable amount is the higher value between the fair value le ...

Determine the recoverable amount of each of the following four assets and state the amount of any

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Determine the recoverable amount of each of the following four assets and state the
amount of any impairment loss which should be recognised in each case:

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International Financial Reporting

ISBN: 9781292293127

7th Edition

Authors: Alan Melville

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Question Posted: Jan 16, 2023 04:24 AM

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Determine the recoverable amount of each of the following four assets and state the amount of any

Question:

Asset 1 Asset 2 Asset 3 Asset 4 Carrying amount £ 25,000 6,500 18,250 11,400 Fair value less costs of disposal £ 22,500 3,750 17,500 13,400 Value in use £ 27,500 4,800 15,000 12,750

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International Financial Reporting

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