1:10 Reader View Available = a Question 4 Not complete Marked out of 3.33 Flag question At 30 September 2020 Voile's trial balance showed a brand at cost of $30 million, less accumulated amortisation brought forward at 1 October 2019 of $9 million. Amortisation is based on a ten-year useful life. An impairment review on 1 April 2020 concluded that the brand had a value in use of $12 million and a remaining useful life of three years. However, on the same date Voile received an offer to purchase the brand for $15 million. What should be the carrying amount of the brand in the statement of financial position of Voile as at 30 September 2020? a. $12,500,000 O b. $10,000,000 O c. $15,000,000 o d. $14,250,000 Check Need Help? Previous page Next page TEST YOUR UNDERSTANDING FRS 15